Opposing Fed camps dig heels in on QE


The split between Federal Open Market Committee (FOMC) members over the future of the Federal Reserve's asset purchases shows little sign of abating, with the minutes from their September meeting highlighting the challenge awaiting Janet Yellen when she takes over as Fed chair next year.

US President Barack Obama praised Yellen for her ability to build consensus as he nominated her to become the next Fed chair yesterday, saying that "she listens to competing views and brings people together arou

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