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Senior House Republican opposes Fed easing plan

• Reuters

The Federal Reserve's plan to boost economic growth with $600 billion in bond purchases is a mistake that will trigger inflation, a leading Republican in the House of Representatives said on Sunday.

Representative Paul Ryan, expected to become chairman of the House budget committee when Republicans take control of the chamber in January, told the "Fox News Sunday" program that the "upsides are very low" in the central bank's moves to inject more money into the U.S. economy.

"I think its going to give us a big inflation problem down the road," Ryan said.

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