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Fed's experiment produces precious little

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The Federal Reserve doesn't have a whole lot to show for its experiment in quantitative easing. Three rounds of bond purchases worth nearly US$4 trillion over six years ended with Wednesday's rate-setting committee statement.

THE Federal Reserve doesn't have a whole lot to show for its experiment in quantitative easing. Three rounds of bond purchases worth nearly US$4 trillion over six years ended with Wednesday's rate-setting committee statement. Despite the stimulus, US GDP growth has remained stuck at just over 2