Commenting on the Federal Reserve’s ending of its quantitative easing programme, Professor Philip Booth, Cass Business School said:
"The Fed's QE programme has always been dangerous, especially as it involved the purchase of private sector securities. It is now over six years since the end of the financial crisis and the time for 'emergency' measures has come to an end. I therefore welcome the end to QE and the Fed should divest itself of the private sector credit instruments it holds as quickly as is practical."