JPMorgan strategist: Fed is biggest drag on economy

05/20/2013 | AdvisorOne

At a gathering of chief investment officers, David Kelly, chief global strategist for JPMorgan Funds, identified the Federal Reserve as a big drag on the economy, saying that the Fed's quantitative easing policy has become counterproductive. Kelly identified four trends in the current climate, including headroom for the stock market to rise, as well as interest rates.

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