Frank Defends Fed, ‘Appalled’ By Republican Criticism
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Barney Frank, chairman of the House Financial Services Committee, said he’s “appalled” by Republicans who he said have sided with some foreign central banks in criticizing Federal Reserve Chairman Ben S. Bernanke.
“I was appalled to see a group of Republican economists from the Bush and Reagan administration” arguing against the Fed’s asset-purchase program. “Republicans are joining the central bank of China in attacking Bernanke. This is really distressing to me.”