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Saturday, September 15, 2012

Top Republican Attacks Fed As Central Bank Mulls Policy

(Reuters) - A senior House Republican slammed the Federal Reserve on Thursday for "radical and unprecedented" policies, marking the latest attack on Fed Chairman Ben Bernanke as the U.S. central bank met to weigh further action to spur U.S. growth.

Bernanke has become a lightning rod for election-year Republican complaints that central bank bond purchases have enabled a massive government expansion by Democratic President Barack Obama, and have overstepped the Fed's authority.


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