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Subject:  Re: Will QE3 Generate Jobs? Date:  10/4/2012  3:17 PM
Author:  mauser96 Number:  405301 of 547188

more on the Fed

There was clear support for an approach favored by Chicago Federal Reserve Bank President Charles Evans, who has advocated allowing inflation to rise as high as 3 percent for as long as it takes to get the jobless rate below 7 percent.
and if 3% inflation doesn't work, they will try 4% , then 5%, then...

Is the Fed is like somebody trying to thread a nut on a bolt using a hammer, because that's the only tool they know about ?
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