Martin Feldstein on Fed policy, stocks, economy

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Martin Feldstein, a professor of economics at Harvard University, talks about the impact of Federal Reserve monetary policy on the stock market. He also discusses the outlook for the U.S. economy.

Source: Bloomberg, May 5, 2012.

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1 comment to Martin Feldstein on Fed policy, stocks, economy

  • rich

    He didn’t have too much to say in this interview….

    For those who haven’t seen the movie, here is a transcript of the segments with Feldstein. Arrogance understates his contribution to the movie.

    Ferguson: Over the last decade, the financial services industry has made about 5 billion dollars’ worth of political contributions in the United States. Um; that’s kind of a lot of money.That doesn’t bother you?

    Feldstein: No.

    Narrator: Martin Feldstein is a professor at Harvard, and one of the world’s most prominent economists. As President Reagan’s chief economic advisor, he was a major architect of deregulation. And from 1988 until 2009, he was on the board of directors of both AIG and AIG Financial Products, which paid him millions of dollars.

    Ferguson: You have any regrets about having been on AIG’s board?

    Feldstein: I have no comments. No, I have no regrets about being on AIG’s board.

    Ferguson: None.

    Feldstein: That I can s-, absolutely none. Absolutely none.

    Ferguson: Okay. Um – you have any regrets about, uh, AIG’s decisions?

    Feldstein: I cannot say anything more about AIG

    http://bilbo.economicoutlook.net/blog/?p=14356

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