Defending QE2, NY Fed President Bill Dudley expresses his frustration at the notion the Fed is...

|By:, SA News Editor

Defending QE2, NY Fed President Bill Dudley expresses his frustration at the notion the Fed is trying to devalue the dollar, and says "people do not understand clearly” that “we can have an enlarged balance sheet and not have a long-term inflation problem. We are very confident of our ability to exit when the time comes.”