House GOP budget chief calls Fed’s $600B plan a 'big mistake' - The Hill's Blog Briefing Room

Paul Ryan, the incoming chairman of the House Budget Committee, has called the Federal Reserve’s plan to pump $600 billion into the economy a “big mistake.”

Fed Chairman Ben Bernanke moved Wednesday to pour $600 billion into the banking system in an effort to speed up what the Fed has called a “disappointingly slow” national economic recovery."