Fact that Fed missing its policy targets does not make case for further easing a “slam dunk” Second round of QE would be effective in countering deflation risk The dollar is the Treasury’s policy
Upcoming FOMC meeting is going to be a “tough call,” easing further NOT OBVIOUS CASE Doesn’t look like we’re going to get inflation back close to target without more policy help EUR/USD slumps through 1.3900 as Bullard questions further QE.
Currency values reflect underlying economic prospects, our job is the underlying prospects of the economy, Fisher says. The dollar has depreciated significantly recently.
CNBC is interviewing Michael Moskow, former Chicago Fed chief, and he is all in favor of another round of QE owing to the slow recovery. No one is more in favor of QE than his replacement, Charlie Evans…he would have … Continue reading
In an interview with the WSJ, Chicago Fed president Evans says he favors “much more accommodation than we have put in place. “
Quite persuaded that Fed bond purchases lowered interest rates, supported economy Additional securities purchases would ease financial conditions EUR/USD is ticking up within its range with Bernanke defending QE. We trade now at 1.3682 in painfully slow trade.
TARP was successful in stabilizing the financial system and it is turning out to be a pretty good investment for taxpayers. Bernanke is speaking at a town hall meeting so there should headlines crossing the wires for the next hour … Continue reading