William Dudley, president of the Federal Reserve Bank of New York, struck back at critics of the Fed’s asset buying program, saying they “do not understand” the tools available to the Fed.
“People do not understand clearly” that “we can have an enlarged balance sheet and not have a long-term inflation problem,” Dudley said, according to Bloomberg News. “We are very confident of our ability to…
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New York Fed’s Dudley Strikes Back at Critics originally appeared on DailyFinance on Tue, 16 Nov 2010 07:39:00.