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Benn Steil and Dinah Walker: Bernanke's 'Risk-On, Risk-Off' Monetary Policy


There is strong evidence that for more than a decade the Fed has been using interest rates to push investors toward or away from stocks and other assets.. The Federal Reserve thrilled markets last week with the announcement that it would pump $40 billion into the economy each month through the purchase of mortgage-backed securities. Chairman Ben Bernanke justified this action by explaining that the Fed's tools "involve

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Posted: September 18, 2012 Tuesday 07:22 PM