David Zervos, head of global fixed income at Jefferies, told Bloomberg TV that the Federal Reserve's QE program is "the greatest monetary policy experiment of our lifetime and I do not think that anyone is smart enough, me, any central banker up there" to figure out how to properly exit.
Zervos said, "I am not criticizing them, I just do not think that we know how to handle this when we need to handle it. We have never done it before and it will be a messy process."