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Author Topic: Fed Appears Ready to Launch More Monetary Easing Soon  (Read 1079 times)

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Offline TVDOC

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Fed Appears Ready to Launch More Monetary Easing Soon
« on: October 12, 2010, 02:04:36 PM »
http://www.cnbc.com/id/39635395

Quote
Fed Appears Ready to Launch More Monetary Easing Soon

Published: Tuesday, 12 Oct 2010

Most Federal Reserve members appear ready to launch a new round of monetary easing soon because of worries that the US economy is not recovering fast enough, according to minutes of the cental bank's September meeting.
 
The minutes of the closed-door deliberations, released Tuesday, suggest Fed Chairman Ben Bernanke and his colleagues were closing in on a consensus to launch more asset purchases—mostly longer-term Treasurys—known as quantitative easing.

Members, however, didn't settle on how big the program should be or exactly how it should be structured.  Such details are what Fed officials are currently wrestling with as their prepare for the next meeting on Nov. 2-3.

Economists predict Fed officials will decide on that program at that meeting.

The Fed's purchase aims to drive down interest rates on mortgages, corporate debt and other loans. It hopes that this will spur Americans to boost spending, which would strengthen the economy and ultimately chip away at stubbornly high unemployment.

<excerpted>


Balance at link......

doc
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Offline true_blood

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Re: Fed Appears Ready to Launch More Monetary Easing Soon
« Reply #1 on: October 12, 2010, 07:43:59 PM »
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Most Federal Reserve members appear ready to launch a new round of monetary easing soon because of worries that the US economy is not recovering fast enough, according to minutes of the cental bank's September meeting.
And yet that dickhead Bernanke goes on TV saying that the economy is stable. The recovery will take time, he says. OH REALLLLYYY?! Which is it dickhead? :bird: :censored:
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Offline DixieBelle

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Re: Fed Appears Ready to Launch More Monetary Easing Soon
« Reply #2 on: October 12, 2010, 07:45:10 PM »
Any chance this would be announced BEFORE the Nov elections instead?? hmmm.....
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Offline BlueStateSaint

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Re: Fed Appears Ready to Launch More Monetary Easing Soon
« Reply #3 on: October 17, 2010, 12:29:00 PM »
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Offline cavegal

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Re: Fed Appears Ready to Launch More Monetary Easing Soon
« Reply #4 on: October 17, 2010, 12:43:50 PM »
Quote from: BlueStateSaint on October 17, 2010, 12:29:00 PM
And this shows up:

http://www.reuters.com/article/idUSN1620844520101016
I read some of the comments .. this one stood out...
Quote
Does anyony know this is the 100th anniversary of the creation of the Federal Reserve? Where’s the celebration? The parties? The fanfare?

I’ll tell you. There isn’t any. They want the year to go by quietly. They don’t want the public to know what they have been doing these 100 years. Because if the public knew what they have been about, the public would call for their heads on a stick. Since it’s formation, to “stabilize the economy”, The Federal Reserve Board has presided over; * the crashes of 1921 and 1929; the Great Depression of ‘29 to ‘39; recessions in ‘53, ‘57, ‘69, ‘75, and ‘81; a stock market “Black Monday in ‘87; and a 1000% inflation which has destroyed 90% of the dollar’s purchasing power? * From “The Creature From Jekyll Island” by G. Edward Griffin (American Media Publishing)
« Last Edit: October 17, 2010, 12:46:37 PM by cavegal »
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Offline true_blood

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Re: Fed Appears Ready to Launch More Monetary Easing Soon
« Reply #5 on: October 20, 2010, 05:59:06 PM »
Hard times, they be a coming. :banghead:
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Offline Lacarnut

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Re: Fed Appears Ready to Launch More Monetary Easing Soon
« Reply #6 on: October 20, 2010, 07:06:32 PM »
Quote from: DixieBelle on October 12, 2010, 07:45:10 PM
Any chance this would be announced BEFORE the Nov elections instead?? hmmm.....

Nope. This just another indication that the economy is still crappy. I am surprised the Repubs have not brought it though as nothing the Obummer Admin has tried has worked.
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