Romney Claims to Oppose Fed’s Latest QE

Romney Claims to Oppose Fed’s Latest QE


In a reversal of earlier statements, Republican candidate Mitt Romney “opened fire on Friday after the Fed began an open-ended third round of quantitative easing (QE3), under which it will buy $40bn of mortgage-backed securities a month,” the Financial Times reports.

The Federal Reserve’s decision to flood the economy with a fresh influx of fiat money eight weeks before the election is widely viewed as a way to save the flagging presidency of Barack Obama.

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