The Fed's Needless Flirtation With Danger. Martin Feldstein, December 26, 2014, Opinion. "This week's good economic news -- consumer spending up sharply in November over October, and a surge in third-quarter GDP growth to a 5% annual rate -- give a clear signal of the likely economic strength in 2015. But it is worth remembering the unusual challenge of restarting the economy after the downturn in 2008 and the risks involved in the Fed's strategy of quantitative easing..." May require purchase or user account. Link