Instead, he launched a fierce defense of the Fed's bond-purchase plan, also known as "quantitative easing II."

他反而为美联储购买美国国债的计划和第二轮量化宽松政策极力辩护。

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Quantitative easing I and II did not produce any meaningful increases in labor, and certainly no meaningful increases in incomes.

FORBES: On Washington, Investor Confidence At Zero