Policy errors pose biggest risk to investors, says State Street's Cunningham

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Cunningham, SSGA: the Fed can only fix the problems it has created

Monetary, economic and fiscal policies pose the biggest risk to growth and to credit markets, according to William Cunningham, head of global credit strategies and fixed income research at State Street Global Advisors in New York.

While the US economy continues to grow, albeit at a reduced rate in the second quarter of 2010, there remains a serious risk that the Federal Reserve, and its counterparts in the largest economies worldwide, take the wrong measures and kill growth in the process.

“The

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