multi-trillion plan to save the eurozone , page-19

Betting on Benny
http://www.bloomberg.com/news/2011-09-25/betting-on-bernanke-returns-28-for-treasuries-as-twist-divides-investors.html



"Republican Critics
?Although the goal of quantitative easing was, in part, to stabilize the price level against deflationary fears, the Federal Reserve?s actions have likely led to more fluctuations and uncertainty in our already weak economy,? according to the message signed by House Speaker John Boehner of Ohio, Senate Minority Leader Mitch McConnell of Kentucky, Senator Jon Kyl of Arizona and House Majority Leader Eric Cantor of Virginia.

The letter is similar to one Boehner and three other Republicans sent Bernanke about a year ago expressing ?deep concerns? about the Fed?s plan to print money to buy bonds, saying the central bank risked weakening the dollar and fueling asset bubbles.

Foreign leaders also criticized the policy. Chinese Premier Wen Jiabao said the plan had caused a ?major problem? leading to instability in the currency market, and German Finance Minister Wolfgang Schaeuble said the policy was ?clueless.? "