Provando et Riprovando

It seems the Fed will aver to the position of maintaining the final phase of QE2, the last part of the current round of expansionary monetary policy started near the end of last year.

The Federal Reserve has been without a discernible rudder ever since the royalty that was Alan Greenspan left. Without so much as a nod to the current chairman, Greenspan has been out touting his success as the previous Fed chair, giving speeches and publishing books about the great run up in the economy prior to his inexorable exit.

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