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Behind the Split Over QE

Monday, 7 Jan 2013 | 1:10 PM ET

At least two separate fault lines have developed at the Federal Reserve over how much quantitative easing to do this year. One debate—which is the least controversial—is how quickly the unemployment rate will start to improve, which would allow the central bank to start pulling back from its bond purchases and even begin reversing its longstanding zero interest-rate policy.