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Byron Wien: Fed Protecting Itself In Case Things Turn South

Byron Wien: Fed Protecting Itself In Case Things Turn South

The Fed is trying to provide a safety net, says Byron Wien, Blackstone Advisory Partners vice chairman/former Morgan Stanley chief U.S. investment strategist, who adds he isn't seeing anything different than what the Fed is seeing but he sees a favorable outlook and the Fed's low-rate policy is just method to protect itself in case the economy gets worse.

CNBC | February 9, 2012Watch more videos from CNBC

Tags:. .byron. .advisory. .blackstone. .wien. .worse

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