Stocks Plunge as Fed Members Admit Endless Bond Buying
Word of dissension at the Fed sent the stock market tumbling Thursday. Photo: Alex Proimos.
During the January meeting of the Federal Reserve, some members of the central bank admitted the obvious – a tidal wave of nearly worthless paper money will not turn the economy around and the Fed’s bond-buying program will create dangerous inflation and “foster market behavior that could undermine financial stability.”
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