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Friday, May 3, 2013

James Chessen Discusses the Fed on Fox Business News

ABA's Chief Economist James Chessen spoke with Fox Business News today, where he discussed the wealth effect and broke down how quantitative easing relates to the market rally.

"Because [the Fed] has pushed the price of treasury’s up and interest rates down, it means that those are not good investments, so investors… look for other, better alternatives. That means riskier alternatives, and that often means stocks.”

Watch the video.

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