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Reaction to ECB Decision

Thursday, 7 Apr 2011 | 7:44 AM ET

Discussing the European Central Bank's decision to raise rates by a quarter point, with CNBC's Steve Liesman. U.S. economists don't necessarily agree it's a good decision, but others question whether Bernanke and the U.S. Fed are actually behind the curve. MIT Sloan School Dean David Schmittlein also weighs in.