Even Harvard Economists Admit Fed Policy Has "Created Dangerous Risks"

http://www.zerohedge.com/news/2015-05-20/even-harvard-economists-admit-fed-policy-has-created-dangerous-risks

Fed denies policy is causing food rises

http://www.ft.com/cms/s/0/5c4aeaea-2fbd-11e0-91f8-00144feabdc0.html#axzz1D6u3CF3f

Asset purchases by the US Federal Reserve do not cause rising food prices in countries such as Egypt, the central bank’s chairman Ben Bernanke said on Thursday.

“I think it’s entirely unfair to attribute excess demand pressures in emerging markets to US monetary policy, because emerging markets have all the tools they need to address excess demand in those countries,” he said.

Mr Bernanke’s comments are a firm retort to critics who argue that by driving down US interest rates with quantitative easing the Fed is pushing capital flows into commodities and emerging markets.