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Raghuram Rajan: Why The Banking Crisis Isn’t Over
Capitalisn't
The Fed Cannot Afford to Ignore the Role It Played in Creating Today's Difficult Conditions
The Fed cannot afford to ignore the role that its own monetary policies, especially QE, played in creating today's difficult conditions. I don't think there have been intentions to create financial instability or to somehow make the rich richer with asset price inflation through its policies. And I think if anybody's to blame, it's probably Congress for not taking a more active role.
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