The Fed Hasn't Helped the Economy Turn Around

Muhammad L. Ariane: The Fed has made two big mistakes that are going to go down in the history books. He says they mischaracterized inflation as transitory, then found out it was sticking around and passed massive spending on Capitol Hill. But according to most experts, the more money you're funneling in, the more problem the potential is for inflation to stick around or even go up he says.Ariane: So yes, unfortunately, this will go down as a big policy error by the Federal Reserve.