“Exiting too fast will crash the real economy, while exiting too slowly will create a huge bubble and then crash the financial system.”

“The Fed’s (and other central banks’) liquidity injections are not creating credit for the real economy, but rather boosting leverage and risk taking in financial markets,” Roubini and Bremmer explain.

“Thus the exit from the Fed’s QE [quantitative easing] and zero-interest-rate policies will be treacherous,” they maintain.

“Exiting too fast will crash the real economy, while exiting too slowly will create a huge bubble and then crash the financial system.”

The Fed begins a two-day policy meeting Tuesday. It is buying $85 billion of Treasurys and mortgage-backed securities a month and has set the federal funds rate target at zero to 0.25 percent.
Read more:
http://www.moneynews.com/FinanceNews/Nouriel-Roubini-Federal-Reserve-Easing-Bremmer/2013/06/18/id/510516