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The Fed’s Stock-Price Correction. Martin Feldstein, August 24, 2015, Opinion. “The unfolding stock-market collapse—the Dow Jones Industrial Average plummeted more than 1,000 points on Monday morning, rebounding later to nearly 600 points down, following several days of decline last week—is the inevitable result of the Federal Reserve’s policies, namely quantitative easing that produced abnormally low interest rates. The decline on Wall Street has spread to every stock market on the globe, many of which were also weakened by their own policies of excessively easy money. When the Obama administration’s poorly designed 2009 stimulus…” Link