How does the financial services industry feel about the Fed? One asset manager told advisors this week that the Federal Reserve Bank's leaders "are feeling their way in a maze -- and they are doing it in the dark."

Michael Aronstein, a portfolio manager for Marketfield Asset Management, acknowledges that his view reflects a bias against the Fed's recent actions -- but he says the Fed moves might compel advisors to rethink the way they use bonds in a portfolio.

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