Jeff Benjamin interviewed Dorothy Weaver
, chief executive and co-founder of Collins Capital investments
, as well as a former chairman of the Federal Reserve Bank of Miami
, on the big picture of today's economy.
On whether the Fed tapering has been factored into the markets, Benjamin quoted Weaver as saying, "I do think it has already been factored in. There will be no surprise from the markets. We've had plenty of guidance on this. The only question is not if, but when, but even that is not within a huge range."
On Fed policy itself, Weaver was quoted as saying, "With Fed policy, we have had a decoupling of financial assets from the real economy. Financial assets have clearly been the beneficiary of the Fed policy. But when you look at the real economy in terms of job creation and wages, you're not seeing the benefit of the Fed policy."
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