QE2 and G20

An unintended consequence of QE2 has been the strong openly voiced opposition from some of America’s traditional allies as well as those countries, like China, perceived to be on the other side of the bargaining table. So the Fed is affecting U.S. foreign policy, and the fact that President Obama has had to defend the Fed in other countries raises questions about the Fed’s independence.

Continue reading John Taylor at Economics One…

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