View full page at forexfactory.com

 

GOP Leaders Warn Bernanke About Further Fed Action

From cnbc.com

Top Congressional Republicans Tuesday took the unusual step of telling the Federal Reserve to refrain from further "intervention'' in the economy on the eve of a policy decision by the U.S. central bank. "It is not clear that the recent round of quantitative easing undertaken by the Federal Reserve has facilitated economic growth or reduced the unemployment rate,'' the group said in a letter to Fed Chairman Ben Bernanke. The letter was signed by House Speaker John Boehner, Majority Leader Eric Cantor, Senate Minority Leader Mitch McConnell and Senate Minority Whip Jon Kyl. It was a rare direct ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News