Friday, November 30, 2012

Feud at The Fed: "Horrific Consequences" for Unlimited Easing

The Fed's plan to purchase $40 billion in mortgage-backed securities and $45 billion in long-term US Treasuries every month for the foreseeable future is now creating internal feuds.

The Federal Reserve's latest round of quantitative easing has no timetable to end or any measurable goal. Yesterday, the Dallas Fed President said this policy without limits would result in "horrific consequences".

Read more: http://www.blacklistednews.com/Feud_at_The_Fed%3A_%22Horrific_Consequences%22_for_Unlimited_Easing/22799/0/0/0/Y/M.html

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