'Very tough' for Fed to normalize: Taleb
August 28, 2015 at 13:25 PM EDT
The Federal Reserve faces a "very tough" task in normalizing monetary policy, as it has limited tools at its disposal after years of near-zero interest rates, academic and writer Nassim Taleb said Friday. "The Fed is like a huge army with very sophisticated equipment and no ammunition," he said in a CNBC "Power Lunch" interview. "They inherited that big machine without weapons. they realize ...