ACD members seemed generally supportive, although some suggested NIH should first study the matter more, asked about NIH's ultimate targets for redistributing funds, or wondered about potential adverse consequences, such as even fiercer competition for grants. (sciencemag.org)
In that talk, Dudley downplayed the potential adverse consequences of the larger for longer balance sheet approach, believing it prudent to tolerate those risks as the Fed moved off the zero lower bound. (alt-m.org)
(The jury's out on the potential adverse consequences of this.) (thecrowdcafe.com)