Fed is exercising 'price control': Expert
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Fed is exercising 'price control': Expert

Robert Heller, former Federal Reserve governor, explains why the chances of a Fed taper this week are better than ever. And James Grant, Grant's Interest Rate Observer, provides insight on how the Fed's QE policy is impacting the economy. We are in a regime of price administration, rather than price discovery, adds Grant.
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Tue, Dec 17 20137:07 AM EST