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Shelton getting a grilling on QE (she says......>

FED
FED: Shelton getting a grilling on QE (she says reluctantly that she would QE in
a recession) and deficit spending by Louisiana Sen. Kennedy, who is one of the
Republicans seen skeptical on her nomination. If she can't get Toomey (see
previous comment) and Kennedy on board, her nomination could be in trouble.
- Waller is on safer ground in terms of nomination; talks about using ZIRP and
forward guidance, expresses reluctance over using negative rates.

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