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Lacker: Open-Ended QE3 Gives Leeway to Stop if Inflation Rises

One aspect of the Federal Reserve's recently announced third round of large-scale asset purchases which Richmond Federal Reserve Bank President Jeffrey Lacker likes is its "open-endedness," he made clear Tuesday night.

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Comments (1)
When we look back on this speculative, experimental, high risk monetary policy the Fed is pursuing, Jeffrey Lacker will be remembered as one of the few adults in the room!
Posted by mdwjr | Thursday, September 20 2012 at 9:32AM ET
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