Although the Fed is likely to keep policy very loose through the end of the year, the unprecedented nature of the intervention means we can't tell what the disruption to financial markets will be when the Fed pulls back, says Western Asset's Steve Walsh.
ECB policies have stemmed volatility in the eurozone, but unless the region can start growing economically, global investors will still head toward low-risk U.S.-dollar-based assets, says Western Asset's Steve Walsh.
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