Panic Time: Federal Reserve announces unlimited QE
Sept 14, 2012 5:57:02 GMT -5
Post by popcorn on Sept 14, 2012 5:57:02 GMT -5
Panic Time: Federal Reserve announces unlimited QE 
WASHINGTON – The U.S. Federal Reserve launched another aggressive stimulus program on Thursday, saying it will buy US$40-billion of mortgage-backed debt per month until the outlook for jobs improves substantially as long as inflation remains contained. In an unprecedented step, the Fed’s policymaking panel escalated its effort to drive U.S. unemployment lower by tying its unconventional bond buying directly to economic conditions, a move that immediately sparked controversy among its critics. “If the outlook for the labour market does not...
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business.financialpost.com/2012/09/13/fed-launches-bold-stimulus-program/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FP_TopStories+(Financial+Post+-+Top+Stories)&utm_content=Google+Reader
WASHINGTON – The U.S. Federal Reserve launched another aggressive stimulus program on Thursday, saying it will buy US$40-billion of mortgage-backed debt per month until the outlook for jobs improves substantially as long as inflation remains contained. In an unprecedented step, the Fed’s policymaking panel escalated its effort to drive U.S. unemployment lower by tying its unconventional bond buying directly to economic conditions, a move that immediately sparked controversy among its critics. “If the outlook for the labour market does not...
read more:
business.financialpost.com/2012/09/13/fed-launches-bold-stimulus-program/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FP_TopStories+(Financial+Post+-+Top+Stories)&utm_content=Google+Reader