Zipline Conservative

November 8, 2010

Obama, Fed “clueless”

While Obama the Great tortures us with more arrogance and photo ops, others around the world are not mincing words…and we do not listen.

Germany has put itself on a collision course with the US over the global economy…Wolfgang Schäuble accused the US of undermining its policymaking credibility, increasing global economic uncertainty and of hypocrisy…Berlin policymakers were also alarmed by last week’s US Federal Reserve decision to pump an extra $600bn into financial markets in an attempt to revive US economic prospects through “quantitative easing”.  On Friday, Mr Schäuble described US policy as “clueless”. In a Der Spiegel magazine interview, to be published on Monday, he expanded his criticism further, saying decisions taken by the Fed “increase the insecurity in the world economy”.  Financial Times Source
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