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KDakotaFund (24.36)

September 2012

Recs

15

Goldman Sachs: QE3 May Total $2 Trillion

September 26, 2012 – Comments (1) | RELATED TICKERS: GS , GLD , SLV

The Federal Reserve's latest quantitative easing program (QE3) could last until the middle of 2015 and total $2 trillion, Goldman Sachs economists say.

The Fed has announced that it will buy $40 billion a month of new mortgage-backed securities for an indefinite period.

The central bank also said it will re-invest funds from maturing government securities. And it will continue Operation Twist, which entails buying long-term Treasurys and selling short-term Treasury paper.  [more]

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