SIOUX FALLS, South Dakota (Reuters) – The Federal Reserve’s latest effort to drive down borrowing costs to help economic recovery is a “move in the right direction,” a top Fed official said on Monday.

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  1. Why would a banker be against destroying the savings of the common people?

    Of course he is for QE2. If he’s wrong, the government will bail him out and he will get a multi-million dollar bonus.

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