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News Link • Federal Reserve

Bernanke defends bond-purchase plan, warns China

• AP
Federal Reserve Chairman Ben Bernanke hit back at critics, both at home and abroad, who have challenged the central bank's $600 billion bond-purchase program.

In a speech in Germany, he argued that Congress must help support the Fed's program with further stimulus aid. And he issued a stern warning to China, saying it and other emerging nations are putting the global economy at risk by keeping their currencies artificially low.

 

1 Comments in Response to

Comment by Anonymous
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This joke always tickles me. It's my favorite academic dish. I could switch on the light of knowledge for those who can't see in the dark if only it could get to the front page. But Frostytute is already there -- I mean always there -- and I'm edged out! So I just leave this joke to Dr. Ron Paul.


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