Bernanke Seen Attacking Jobless Rate With QE Until His Term Ends - Bloomberg
Bernanke said in August that new bond buying, while spurring growth
and generating jobs, may erode confidence the Fed will exit smoothly
from record accommodation, including the first two rounds of bond
purchases totaling $2.3 trillion. Most surveyed economists believe
Bernanke has gone too far with quantitative easing, with 55 percent
saying policy is too easy, compared with 48 percent who said so in a
Sept. 7-10 survey.
Bernanke and his colleagues on the Federal
Open Market Committee will conclude a two-day meeting in Washington
today and release a statement on policy, including their current plan to
buy $40 billion in mortgage-backed securities each month for an
indefinite period.
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