Busted: Bankers and The Global Economy

January 16, 2008

U.S. Fed in Tough Spot

Former Federal Reserve Chairman Paul Volcker thinks the U.S. central bank is to blame for allowing bubbles to inflate asset markets, and says that current Fed chief Ben Bernanke is in a tough spot. Bernanke inherited the problem when he took the reins, but failed to take corrective action.

Reuters

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