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Bernanke Targets QE, Funds Rate, 'Fiscal Cliff' & Jobs

Wednesday, 12 Dec 2012 | 2:27 PM ET

CNBC'S Steve Liesman asks the Fed Chairman why there are different targets for QE and the funds rate. "They have two very different objectives," said Bernanke. We are still learning about the effectiveness of asset purchases, as well as the cost, he added.