Eric Swanson

For example, as Eric Swanson told me in an interview, the Fed raises rates when it worries that the economy may be overheating. Swanson is a finance professor [of economics] at the University of California, Irvine. … Indeed, according to research from UC Irvine’s Swanson, quantitative easing appears to have just as much impact on the stock market as cutting the Fed funds rate used to have in the decades before any of us had ever heard of QE.

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