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Has the Federal Reserve lost its way?

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The divide among officials in the Federal Reserve continues to grow over whether it should continue with its bond purchasing program—known as Quantitative Easing. Charles Calomiris, Henry Kaufman Professor of Financial Institutions at Columbia University and vocal critic of the Fed, talks to BNN about the central bank’s contentious Quantitative Easing program -- and whether it’s under-estimating the threat of inflation.

 

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