Fed officials defend their bond-buying program

11/17/2010 | Wall Street Journal, The

Officials at the Federal Reserve are defending their decision to purchase $600 billion in Treasurys amid a wave of criticism about the program. The Fed's effort to bolster the U.S. economic recovery has triggered concerns that it is contributing to asset bubbles in emerging markets and inflation at home. Critics have also questioned whether the bond-buying program will help the economy.

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