Mervyn King, the governor of the Bank of England, on Wednesday branded criticisms of the Federal Reserve's latest round of quantitative easing "ill judged".
"Some of the criticisms that have been made of QE2 are rather baffling," the governor said at the Bank's quarterly Inflation Report press conference.
"In terms of the criticism of quantitative easing as a policy tool, it's ill judged. Quantitative easing is an element of monetary policy that has been talked about in textbooks for a long time
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