BlackRock (BLK), one of the biggest money managers on Wall Street, is changing its tune and now advising the Federal Reserve to ease up on its asset purchases.

“Fed policy has had a distorting effect on capital allocation decisions of all kinds of virtually every level of the economy. It is a very large and dull hammer for markets,” said Rick Reider, who oversees fixed income investments for BlackRock.


Most Popular Articles

Realtors expect these to be the 10 hottest housing markets for the next 3-5 years

Here are the 10 housing markets that the National Association of Realtors expects to the hottest in the nation in the next three to five years.

Dec 11, 2019 By

Latest Articles

Gateway First Bank makes two key hires

Gateway First Bank made back-to-back announcements this week regarding two key hires. The bank welcomed Joell Maddox as director of treasury services and Thomas Ramm joined as chief investment officer.

Dec 12, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please