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Ben Bernanke: U.S. may have had another recession without quantitative easing

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Outgoing Federal Reserve Chairman Ben Bernanke on Friday offered an aggressive defense of his legacy, pushing back against criticisms of the zero short-term interest rates and large-scale bond buying he instituted over the past few years. Speaking at a conference for academic economists in Philadelphia, Bernanke responded to skeptics of the quantitative easing program who note that U.S....