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Thread: Bernanke: We Don't Have 'Tools' to Offset 'Cliff' Dive

  1. #1

    Bernanke: We Don't Have 'Tools' to Offset 'Cliff' Dive

    Federal Reserve Chairman Ben Bernanke says the central bank won't be able to single-handedly compensate for the economic harm that would be caused by the full force of falling off the "fiscal cliff."




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    When the Fed sees that there's no strong recovery coming despite QE3, I wonder what other assets they'll start purchasing. Credit card debt? Student debt? Negative interest rates?



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