Equities | Europe | Monetary Policy & Inflation
Recently in the FT Rick Rieder, a BlackRock executive, called for the ECB to begin purchasing equities as part of its QE program, sparking new debates around the invasiveness of Central Banks. He was accused outright of a conflict of interest, though, because he’d probably benefit from the idea. Others point out that such equity purchases distort price signals and the ‘invisible hand’, and won’t do much to fix the structural issues at play in the Eurozone. In this blog piece, Roger Farmer offers some support for Rieder.
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