Romney’s plan to dump Bernanke sparking anxiety on Wall Street


President Barack Obama, left, flanked by Treas...

President Barack Obama, left, flanked by Treasury Secretary Timothy Geithner, and Federal Reserve Chairman Ben Bernanke, and Vice President Joseph Biden, right, receive an Economic Briefing, Monday, March 23, 2009, in the Cabinet Room of the White House in Washington. (Photo credit: Wikipedia)

By Peter Schroeder – The Fed chairman has not won any friends among Republicans for his efforts to boost the economy, which have included three rounds of “quantitative easing.”

The massive bond purchases have sent stock markets soaring, but conservatives fret that the Fed’s rapidly-expanding portfolio is going to be a nightmare to unwind and could result in severe inflation.

Bernanke‘s Fed agreed in September to buy $40 billion of mortgage bonds a month, and to continue doing so even after the labor market picks up the pace. more> http://tinyurl.com/8oau6dq

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