Posted by Brittany Stepniak - Thursday, January 19th, 2012
In order to stimulate our economy, it sounds like the Fed plans to pump-it-up with a $1 trillion easing project.
And it could happen as early as this month...
CNBC reports:
"There seems little point in waiting to implement further easing, and to do so could confuse the message the Fed is trying to deliver at a point in time when it is trying to make its communication with the public clearer," he said.
Next week, the Fed's Open Market Committee will meet to discuss matters further. Meanwhile “expectations are rising that the languishing housing market will drive the central bank to buy up mortgage-backed securities.”
The aim of those purchases will be to push interest rates even further and to indirectly induce confidence that there are more “monetary tools” that can revive the economy.
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