‘US monetary policy is abnormal and deviant’: Steve Hanke profile

Steve Hanke profile

Hanke: Fed actions have choked wholesale market

To some observers, the US Federal Reserve has got pretty much all the big calls right since the financial crisis; whether injecting liquidity into the financial sector to prevent a systemic meltdown, making emergency loans to individual institutions, introducing quantitative easing, or adopting a near zero interest rate policy.

But while others praise, Steve Hanke, professor of applied economics at the Johns Hopkins University in Baltimore and a senior fellow at the Cato Institute in Washington