Fiscal Flap Vindicates the Fed's Easy-Money Call

Fiscal Flap Vindicates the Fed's Easy-Money Call
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Who out there still thinks the Federal Reserve blew it last month by leaving its stimulus program unchanged? Where are the vociferous critics of Fed Chairman Ben Bernanke, who loudly blamed him for botching his message and defying market expectations that the Fed would “taper” its monthly pace of bond purchases from the current $85 billion pace?

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