"In the aftermath of the Fed announcement that they are officially ending the asset-backed purchase program know as QE, today King World News spoke with the man the Fed called on to execute QE1 and who also set up the Fed’s massive trading room, former Fed member and former Managing Director at Morgan Stanley, Andrew Huszar. What he had to say will surprise KWN readers around the world. Below is what Huszar had to say in this powerful interview.
Andrew Huszar: “What happened today with the Fed was expected. The Fed has been angling for the end of QE for quite some time. The reality is that they are not entirely ending QE. As I mentioned to you previously, the Fed is committed to maintaining the current size of its portfolio. As some of their bonds mature, the Fed will be going out and buying bonds to replace them. So we will still see the Fed buying hundreds of billions of dollars of bonds each year...."
at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/29_Man_Who_Ran_QE1_Warns_Of_Major_Plunge_For_Global_Markets.html
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