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Federal Reserve Chairman Ben Bernake speaks during a press conference in Washington, DC.
The Federal Reserve announced a new effort designed to stimulate the business climate and lower unemployment. Like everything else the Fed does, the plan is not so easy to understand. So Paddy Hirsch, senior producer at Marketplace who specializes in explaining complex and arcane financial details, joins the show to explain what QE3 means for the U.S. economy.
Paddy Hirsch, senior producer at Marketplace, and the author of "Man vs Markets: Economics Explained, Plain and Simple"