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Posted on 01/13/2012 8:34:44 PM PST by MontaniSemperLiberi
Federal Reserve officials are seriously considering giving the US economy—and especially the housing market—an added jolt with more quantitative easing.
Fed officials are likely to discuss such a move at their Jan. 24-25 meeting, when the central bank will issue its first quarterly forecast on interest rates under the new communication policy.
Two of the new voting members this year on the Federal Open Market Committee, which sets interest-rate policy, have recently suggested they would support more assets purchases.
San Francisco Fed President John Williams said that sustained high levels of unemployment, as forecast by many Fed members, "does make an argument that we should have more stimulus."
Another new voter, Cleveland Fed President Sandra Pianalto, said in a recent speech that economic models indicate the Fed "should be even more accommodative than it is today."
They join other members, including New York Fed President Bill Dudley and several Fed governors, who have openly suggested they would support more QE.
(Excerpt) Read more at cnbc.com ...
Because QE1 and QE2 were so highly successful.
“Quantitative easing” sounds a lot better than “Let’s throw even more money at the problem’”.
And it’s hard to argue with because, if it doesn’t work, then the solution must be that more “easing” is needed.
QE is an illusion.
It allows that which is unsteady to appear steady to ward off consequences while betting the eventual outcome will be okay.
In other words, its cowardly.
To eliminate/replace a currency, don’t you have to make it worthless first?
Amero anyone?
The federal reserve is a lying maggot hole. Give a jolt my rear, why don’t they tell the truth, like the EU no one is buying the bad debt. Greece is upon the united states.
The fix is in....
“Two of the new voting members this year on the Federal Open Market Committee , which sets interest-rate policy, have recently suggested they would support more assets purchases.”
Since interest rates are at or nearly zero, the only tool the Fed has now is QE.
When all you have is a hammer, all problems look like nails.
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