Federal Reserve’s Post-crisis Policies Are Creating Enormous Risks for U.S. Economy: Report

…The risk-taking and debt buildup from the prior era will pose significant financial stability risks that threaten to cause catastrophic damage. Without undertaking a frank, unbiased, and data-driven assessment of the Fed’s prior actions, we risk repeating the same mistakes and putting the U.S. in a series of highly abnormal boom-and-bust cycles that are almost entirely driven by monetary policy.”