Top officials of the Federal Reserve are leaning strongly in favor of a third round of bond buying, known colloquially as QE3, writes Rex Nutting.
Aug. 22, 2012, 2:13 p.m. EDT
Marketwatch.com
Get ready for QE3
Commentary: FOMC signals another round of bond-buying soon
Top officials of the Federal Reserve are leaning strongly toward a third round of bond buying by the Fed, known colloquially as QE3, according to the minutes of the Aug. 1 meeting of the Federal Open Market Committee.
Here’s the money quote from the FOMC minutes: “Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery.”
More: http://www.marketwatch.com/story/get-ready-for-qe3-2012-08-22?dist=countdown
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