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News Link • Federal Reserve

Good Grief... Another Round of Stimulus!


QE2. What's The Point? ... Given the likely consequences of another round of quantitative easing it's hard to see why so many investors seem so pleased at the prospect. In August Ben Bernanke acknowledged with trademark central banker understatement that economic activity was "somewhat less vigorous" than policymakers had been expecting. Indeed it was! But there was more. With bold directness he went on to say that the Fed was prepared to provide additional monetary intervention through unconventional measures, if it proves necessary.' And the crowd went wild. Sensing 'QE2′ (very witty) around the corner, stock markets rose and the dollar plummeted. The euro is up over ten cents against the greenback since then. – Wall Street

Dominant Social Theme: The Federal Reserve will do what needs to be done.

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