Cheap money might be hindering the economic revival

07/5/2010 | Wall Street Journal, The

Cheap money helped inflate the U.S. housing bubble, and it could be hurting the economic recovery, according to The Wall Street Journal. The Federal Reserve helped keep the economy from collapsing by cutting and maintaining interest rates near zero. Some are concerned that as the recovery stalls, the Fed's loose monetary policy might make the central bank an "agent of deflation."

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