# Prof. Kim Schoenholtz on unwinding quantitative easing

1 Faculty News July 26, 2012 ![U.S. News and World Report logo](/sites/default/files/styles/246w/public/assets/images/con_030501.jpg?itok=1EF-s0wb)>

Excerpt from [US News & World Report](http://www.usnews.com/news/articles/2012/07/26/the-toughest-job-in-washington-the-next-fed-chair) -- "'We've never undone this. The first time we try to exit from these policies, we're going to be learning what that process is like,' says [Kim Schoenholtz](http://www.stern.nyu.edu/faculty/bio/kim-schoenholtz), director of the Center for Global Economy and Business at NYU's Stern School of Business. 'The Fed seems to be confident that it can do so, but having never done so, one should naturally be cautious about potentially unintended consequences.'"

[Read more](http://www.usnews.com/news/articles/2012/07/26/the-toughest-job-in-washington-the-next-fed-chair)