Added by Whiteout Press on July 2, 2011 at 6:59am — No Comments
DOES FED POLICY WEAKEN THE VALUE OF THE US DOLLAR
President Obama on Monday defended the U.S. Federal Reserve’s recent move to buy $600 billion more in U.S. Treasuries, which has been criticized by top officials in foreign governments as a move to devalue the U.S. dollar.
“We’ve just gone through an extraordinary economic trauma, which has resulted in some extraordinary measures,” Obama said, speaking to reporters at a press…Continue
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