This story will get some attention. The FT just published comments Fed Chairman-favorite Larry Summers made in April:
“QE in my view is less efficacious for the real economy than most people suppose,” he said.
The market talk around Summers is that he’s a dove and he makes some dismissive comments about inflation but this is something to think about. Also keep in mind that the Fed is expected to be well on its way to ending QE by the time Summers would take over (in January).
