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SEP 20, 2013 - Yahoo! News

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Fed's George slams inaction on QE, warns on credibility

By Jonathan Spicer NEW YORK (Reuters) - A hawkish Federal Reserve policymaker on Friday sharply criticized her colleagues' decision this week not to reduce the Fed's bond-buying program, warning it sowed confusion and risked the U.S. central bank's credibility given how convinced financial markets were that policy would be adjusted. Kansas City Fed President Esther George, the lone dissenter on Wednesday's policy decision, said she was "disappointed." She noted the "costly steps taken to prepare markets" in recent months for a policy change, and warned ... Read More

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