Stocks Plunge as Fed Members Admit Endless Bond Buying

http://economicrisis.com/stocks-plunge-as-fed-members-admit-endless-bond-buying-will-not-fix-economy/538

Stocks Plunge as Fed Members Admit Endless Bond Buying Will Not Fix Economy

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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