Quantitative easing not working, says Blackrock Investment Institute boss

Central bank bond-buying programmes aren’t working, BlackRock’s Peter Fisher has claimed.

Quantitative easing is supposed to push investors into riskier assets, Mr Fisher, senior director of the BlackRock Investment Institute and a former under secretary of the US Treasury and executive vice president of the Federal Reserve Bank of New York, said.

“It isn’t working,” Mr Fisher said. “Mostly, it drives up the price of the low-risk assets, as we’ve seen in Europe today.”