Fed Official Raises Doubts Over Stimulus Plan

Summary


WASHINGTON - A Federal Reserve official with close ties to Chairman Ben Bernanke expressed doubts Monday about whether the Fed's new $600 billion bond-purchase program would succeed in boosting the economy.

Kevin Warsh, a Fed governor, also warned of "significant risks," including the potential for triggering excessive inflation later on.

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Fed Official Raises Doubts Over Stimulus Plan

The Fed's program, announced last week, is intended to push interest rates on loans even lower than they are no...

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