CBS Says Bernanke Doesn’t Rule Out QE Exceeding $600 Billion
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Federal Reserve Chairman Ben S. Bernanke defended the Fed’s decision to purchase $600 billion in Treasury securities and didn’t rule out expanding the program, in an interview for CBS television’s “60 Minutes,” the network said.
“He explains why the Fed announced its intention to buy $600 billion in Treasury securities, defending against charges the move will lead to inflation and not ruling out the purchase of more,” according to a press release today from CBS.