Program will spur growth and cut unemployment, Fed chairman says.
By Jeff Kearns and Craig Torres, Bloomberg|October 02, 2012 at 04:58 AM
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Chairman Ben S. Bernanke defended the Federal Reserve’s unprecedented bond buying in his first comments since the Fed renewed the purchases last month, saying the program will spur growth, cut unemployment, help savers and support the dollar.
Philadelphia-area political consultant Kenneth Smukler, who already faces charges related to allegedly paying off U.S. Rep. Bob Brady's opponent in the 2012 congressional primary to drop out of the race, is now being accused by federal authorities of making hundreds of thousands of dollars in illegal donations to a campaign in a different election and obstructing a Federal Election Commission investigation.