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Re: Fed ending bond-buying spree (NOT!)...

By: DueDillinger in CONSTITUTION | Recommend this post (0)
Thu, 28 Apr 11 8:31 AM | 76 view(s)
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Msg. 12949 of 21975
(This msg. is a reply to 12936 by lkorrow)

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QE is not going to end at all; it's just going to be hidden from view. The Fed will 'reinvest' maturing debt into Treasuries to maintain the (ahem) 'stimulus'. Bernanke's statement is so much 'economic theater'.

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The above is a reply to the following message:
Fed ending bond-buying spree, BB on cspan at 2:15PM
By: lkorrow
in CONSTITUTION
Wed, 27 Apr 11 9:34 PM
Msg. 12936 of 21975

BB 2:15 c-span or live online here:
http://www.c-span.org/Live-Video/C-SPAN/

The U.S. Federal Reserve signaled the end of its controversial $600 billion bond-buying program as planned, setting the stage for challenging decisions about whether to raise interest rates in the face of both high unemployment and looming threats of inflation.

At 2:15 p.m. ET, Fed Chairman Ben Bernanke will hold the Fed’s first ever post-meeting press conference, in which he will elaborate on how the decision making Federal Open Market Committee viewed the economy and policy decisions over two days of discussions.

Read the Fed's full statement: http://blogs.wsj.com/economics/2011/04/27/fed-statement-following-april-meeting-2/?mod=djemalertNEWS

Read the WSJ article: http://online.wsj.com/article/SB10001424052748704099704576289030398644312.html

Copyright 2011 Dow Jones & Company, Inc. All Rights Reserved.


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