Larry Meyer Doesn't Feel Bad For China Or Germany

At the Bloomberg 2010 Hedge Fund Conference, Laurence Meyer, former Federal Reserve member and co-founder of Macroeconomic Advisers says the Federal Reserve has no sympathy for China and Germany with regards to quantitative easing. He says that the Federal Reserve doesn't want high inflation, and he is very adamant that the Fed is doing what it can to promote high employment and price stability, not cause inflation. The Fed has no intentions for inflation over 2%.