Fed took 'gamble' with QE: Reinhart

Capitol Hill in Washington DC

Vincent Reinhart, a former director of the Federal Reserve's division of monetary affairs and a resident scholar at the American Enterprise Institute, told Congress on Wednesday the Fed had taken a "gamble" by undertaking asset purchases, warning it could destabilise commodity markets.

At a Financial Services Committee hearing in Washington, Reinhart said the Fed had gambled that the benefits of the stimulus of quantitative easing to financial markets would offset the adverse effects of oil

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