Volcker Says Fed Bond-Buying Has No Effect on Inflation
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Paul Volcker, former chairman of the Federal Reserve, said the U.S. central bank’s latest bond-buying program isn’t creating inflationary pressure.
“It’s not going to have a profound effect on the economy and it’s not going to have any effect on inflation in the short run,” Volcker said today at a forum sponsored by Bloomberg Link at the New York Athletic Club. “The basic situation is not an inflationary situation.”