Obituary: Paul F. McCarron pressherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressherald.com Daily Mail and Mail on Sunday newspapers.
worked. if the bernanke fed, i think, is redefining the role of the fed in the economy, in the government s, clearly the listener thought it was not a very good idea. but i do think at the very least we need a public debate about it. host: which european central bank has taken the most active role? guest: there was a european central bank that was created when they create a single currency, that represents those countries the majority of the countries that have the euro as their currency. and there was some criticism of the european central bank. for many years, they were too cautious, dominated by the german influence, fear of inflation over everything else. yet, in the last six months or show, the european central bank has been fairly forward leaning. they have not cut interest rates as strongly as the have and the united states, probably won t. but they have begun to do things to that is essentially buying bonds that no one thought they would do before. and i think t