Economy
The Good, The Bad, And The Insignificant: The Fed Will Maintain QE2 Plan, Like It Always Said It Would
Published:
Last Updated:
Verdict: Good
There is no turning back now. The Federal Reserve plans to implement QE2 like it already said it would do two weeks ago.
But, Ben Bernanke has proven once again that he will not be trifled with by other Fed governors or forces which oppose him from outside the agency. Everyone from Republican members of Congress to prominent economists say the QE2 program will cause everything from inflation to a trade war.
“As the forecast looks right now it looks like we’ll be purchasing at this pace through the end of the second quarter to add up to $600 billion,” St. Louis Federal Reserve Bank President James Bullard told reporters on the sidelines of a conference, according to Reuters.
The Fed’s independence, often questioned, is still intact.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
