A former US Federal Reserve official turned director of research for a quantitative hedge fund, DE Shaw, is calling for the Federal Reserve to be more transparent. In a video interview conducted by the Wall Street Journal, Brian Sack, former executive vice president at the New York Federal Reserve bank and advisor to the president, discussed exiting the quantitative easing trade he helped create. Former Fed official indicates Fed funds rate could remain lower at new normal, they may hold on to their historic bond purchases The reason the people should be confident the Federal Reserve can withdraw from a historic…
Ex Fed Official Working At DE Shaw Calls For Fed Transparency
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.