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Bilifuduo (98.41)

September 2012

Recs

8

It's Alive!

September 13, 2012 – Comments (2)

The Federal Open Market Committee today officially announced QE3, which the Federal Reserve will undertake through the purchase of $40B in mortgage-backed securities a month until the economy improves. The Federal Reserve believes these actions "should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative." As noted by Federal Reserve Chairman Ben Bernanke, "We're looking for something that brings unemployment down in a sustained way."  [more]

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7

More Speculation About QE3

September 02, 2012 – Comments (1)

Bernanke delivered his much-anticipated Jackson Hole speech yesterday and it was a main catalyst in moving the markets up on Friday as it ramped up speculation about another round of quantitative easing by the Federal Reserve despite the vagueness of Bernanke's remarks; Paul Krugman offered up a pretty accurate summary of his speech.   [more]

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