Chairman, U.S. Federal Reserve
Big Ben has been on a buying spree: In a third round of quantitative easing, the Fed is now snapping up $40 billion a month of mortgage-backed securities and $45 billion of treasuries. Result: modest economic recovery and a near-record $2.9 trillion on the Fed’s balance sheet. The American economy’s “adult in the room” recently warned that there is only so much the Fed can do; politicians are the ones with the power to keep us from going over that fiscal cliff.
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