The Fed Announces Another Round of Quantitative Easing | TheBlaze.com
The Federal Reserve announced Thursday that it will spend $40 billion a month to buy mortgage-backed securities for long as necessary to stimulate the economy and reduce high unemployment.
“If the outlook for the labor market does not improve substantially, the committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability,” the Fed said in a statement released after the meeting.
You know what this means, right? It means the Fed has just introduced a third round of unlimited, open-ended quantitative easing.
Because the other two worked so well, right?
The Federal Reserve announced Thursday that it will spend $40 billion a month to buy mortgage-backed securities for long as necessary to stimulate the economy and reduce high unemployment.
“If the outlook for the labor market does not improve substantially, the committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability,” the Fed said in a statement released after the meeting.
You know what this means, right? It means the Fed has just introduced a third round of unlimited, open-ended quantitative easing.
Because the other two worked so well, right?