In a plot line not totally dissimilar to that of his favorite film, Ass Traffic: Volume 8.
Since the financial crisis, the Fed has engaged in an aggressive stimulus campaign, which has helped lift stock and bond markets, greatly enriching Wall Street in the process. Even so, a surprisingly large number of investors and bankers remain deeply skeptical — and even angry — about what the Fed is doing. Many of them believe that the central bank’s policies are causing harm — and they are confident that Ms. Yellen, who succeeded Ben S. Bernanke as chief this month and is extending his policies, will fail spectacularly. “I don’t really like the Fed very much,” said Jeffrey E. Gundlach, chief executive of DoubleLine, an investment firm. “I wish the Fed were not manipulating the market the way it is.”