ROUBINI: The Federal Reserve Might Resort To Buying Equities - Business Insider
Roubini told Reuters that the Fed could even try to buy stocks to keep things afloat at some point:
Roubini said the Federal Reserve may be pushed toward unconventional
policy options as the stimulative effect of successive waves of
quantitative easing - effectively printing money to buy government bonds
- diminishes over time.
Unconventional policy could include "targeting the 10-year Treasury at 1
percent, doing credit easing rather than quantitative easing, targeting
nominal GDP, price-level targeting and lots of stuff that is more
esoteric," said Roubini. "Eventually if everything goes wrong, they can
even buy equities."
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