Kevin Warsh, a Fed governor, also warned of “significant risks” associated with the program, including the potential for triggering excessive inflation later on.
“The Federal Reserve is not a repair shop for broken fiscal, trade or regulatory policies,” Warsh said. “Given what ails us, additional monetary policy measures are, at best, poor substitutes for more powerful pro-growth policies.”
Click on the following for more details: Fed official doubts bond-buying plan - Spokesman.com - Nov. 9, 2010
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