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Ben ponders another helicopter drop
Fed Chairman Ben Bernanke heads to Jackson Hole later this week for the Fed’s annual symposium against the backdrop of intensifying speculation that another round of quantitative easing may be required to avoid the US economy plunging back into recession. The commitment made at the last FOMC meeting to keep the funds rate on hold until at least the middle of 2013 has clearly failed to offer sufficient comfort to investors and traders, coming as it did at a time when economic momentum has slowed markedly, the Obama Administration is focused on reducing the fiscal deficit and European growth is being scuppered by its ... (full story)
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