Bernanke's Bigger Bubble: QE-3 and the Coming Economic Crash | Elliott Wave International
Federal Reserve Chairman Ben Bernanke really means it this time.
He will rescue the economy.
Ben S. Bernanke for the first time pledged that the Federal
Reserve will buy bonds until the economy gets closer to his goals ... .
The central bank yesterday announced its third round of large-scale
asset purchases since 2008, with the difference that it didn't set any
limit on the ultimate amount it would buy or the duration of the
program. ... Bernanke is "going to fight and fight until he sees a real
improvement in the economy," said a co-head of global economics research
at [a major bank]." He believes quantitative easing can help the
economy, so he'll just keep at it until there's a real turn in the
economy."
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