Steve Bartlett, president and chief executive officer of The Financial Services Roundtable said that the independence of the Federal Reserve must be maintained or the "vitality of the United States economy will be seriously compromised." Mr. Bartlett was addressing criticism of the central bank after its decision to buy billions worth of Treasury bonds in an effort to bolster the economic recovery. "Reasonable minds have argued both in support of and against the effects of QE2," Mr. Bartlett said. "But the Fed's authority and ability to act independently to pursue needed economic improvements is not up for debate." Read more on the Roundtable's FinancingAmericasEconomy blog.
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