Bernanke: QE2 a misleading moniker
Ben Bernanke, the chairman of the Federal Reserve, on Friday said the Federal Reserve's stimulus program should not be considered quantitative easing.
At the sixth European Central Bank central banking conference in Frankfurt, Bernanke said: "In my view, the use of the term ‘quantitative easing' to refer to the Federal Reserve's policies is inappropriate".
Bernanke said quantitative easing typically referred to policies that sought to have an effect by changing the quantity of bank reserves, a
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