NY Fed President: We are not printing money

From Pragmatic Capitalism:

NY Fed President Bill Dudley spoke to CNBC this morning and confirmed that QE is not "money printing."

Unfortunately, Mr. Dudley also proved that the Fed has no clue what is actually driving this recession and therefore continues to misdiagnose our current problems. Mr. Dudley rejected the notion that the Fed is "printing money" and showed that the Fed is...

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More on the Fed:

Must-read: An open letter to Ben Bernanke

Obama SHOCKER: The President has no clue what the Fed's job is

Nassim "Black Swan" Taleb: The "humongous" risks of the Fed's money-printing

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