More Fed Easing Could Do Harm, Hawks Say

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Reuters
October 4, 2011

Two top Federal Reserve officials known for their hawkish views on inflation reiterated on Monday their opposition to further Fed monetary policy easing, saying it would do more harm than good.

But the two, Richmond Fed President Jeffrey Lacker and Dallas Fed President Fisher, sketched somewhat different reasons for their views on the eve of Fed Chairman Ben Bernanke’s appearance before Congress on Tuesday.

Lacker said he was primarily concerned with the threat of inflation; Fisher said he was mainly worried that the policy would not work as advertised.

Bernanke was a chief supporter of the Fed’s move last month to try to boost the faltering U.S. recovery by rebalancing the central bank’s securities holdings in a bid to spur borrowing by pushing long-term rates down further.

The $400 billion program, dubbed “Operation Twist,” drew three dissents, including Fisher’s.

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One Response to “More Fed Easing Could Do Harm, Hawks Say”

  1. The poverty level is going to continue to
    increase.

    This administration is only concerned about
    how they can get more and it looks like
    they are out to bankrupt our nation
    so they can reform it into a socialist state.

    The economy is going to continue to go down.

    A lot of manipulating is going on right now
    to try to keep up the image that we are getting
    better.

    Don’t be fooled.

    Your dollar is losing value more and more each
    day.

    Robert Kiyosaki and many other financial
    experts are saying

    “cash is trash”…

    Just a matter of time cash
    won’t be worth anything

    just like has
    happened in Germany

    and many other countries
    in the past.

    Thank heaven several months ago
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    You can check it out here:

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