Tuesday, September 4, 2012

FED Moves to Open-Ended Bond Purchases

By Joshua Zumbrun and Simon Kennedy - Sep 3, 2012 12:00 AM ET

Four Fed presidents have come out in favor of an open-ended strategy for bond buying, with three calling for the program to begin now. Rather than specify a fixed amount of bonds to purchase by a certain date, such a strategy would leave the Fed able to announce a pace of purchases that it could adjust as the economy gets closer to Bernanke’s goals.   LINK...
Smells like more money printing is coming soon?  BK