Special Report on
Fed Quantitative Easing Exit
Fed Quantitative Easing Exit - Trends
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Few analysts recall, however, that this is the second, not the first, quantitative easing by U.S. monetary authorities. During 1932, with congressional support, the Fed purchased approximately $1 billion in Treasury securities (half, however, was offset by a decrease in Treasury bills discounted at the Reserve Banks). At the end of 1932, short-term market rates hovered at 50 basis points or less. Quantitative easing continued during 1933-36. In early April 1933, Congress sought to prod the Fed into further action by passing legislation that (i) permitted the Fed to purchase up to $3 billion in securities directly from the ...
NEW YORK, July 6 (Reuters) - The Federal Reserve should consider selling mortgage back securities (MBS) and buying U.S. Treasury debt, Richmond Federal Reserve Bank President Jeffrey Lacker said in an interview with Market News International on Friday. Lacker is not currently a voting member of the Federal Open Market Committee that decides monetary policy. Lacker had opposed the Fed's move to buy MBS, arguing in favor of buying only Treasury securities from the outset of the asset purchase program that the Fed introduced to deal with the 2008 financial crisis. And ... Read More
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FED QUANTITATIVE EASING EXIT
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