Fed policy helping rich get richer: BlackRock pro

Federal Reserve policy is creating "economic distortions" resulting in a transfer of wealth to the people who need it least, according to an analysis from a prominent Wall Street bond expert. A stock buyback frenzy that has boosted the market and put money in the hands of those seeking short-term gains is but one of the less-desirable Fed benefits cited by BlackRock's Rick Rieder in a blog post on the firm's website.
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