Fed, Central Banks Will Find Exit From Massive Stimulus Impeded

(Bloomberg) -- The Federal Reserve and other central banks will eventually discover that breaking up isn’t easy after partnering with their governments and the financial markets to avert a pandemic-driven depression.Investors and lawmakers enamored with cheap money may well balk when monetary authorities try to throttle back their quantitative easing and other stimulus measures.“They are increasingly on what I call a no-exit paradigm,” Allianz SE chief economic adviser and Bloo