FOMC Announcement | The Daily Capitalist

The Fed: We’ll Print As Much As It Takes

I’ll have more on this shortly, but the Fed has announced an open-ended bond purchase program (QE3): “… until such improvement is achieved … “

Here is their statement:

Release Date: September 13, 2012

For immediate release

Information received since the Federal Open Market Committee met in August suggests that economic activity has [...]

Bernanke’s Options To ‘Get Out of the Mud’

The major issue, [Mr. Bernanke] said, is “whether or not there is in fact a sustained recovery going on in the labor market, or are we stuck in the mud?” Mr. Bernanke added a wrinkle, saying the central bank “would certainly want to react against any increase in deflation risk.”

This was from Chairman Bernanke’s testimony [...]

‘Special Interests’ (Washington) Benefit From Fed Twist

I will not include in this post any trite, cute “twisty” sayings about Operation Twist 2.0. announced by the Fed today; it’s bad enough out there without me adding to the din. The bottom line is that the Fed will extend its program to buy longer term maturity Treasurys to the end of 2012. This [...]

Fed Announces Operation Twist

The Fed announced Operation Twist today:

the Committee decided today to extend the average maturity of its holdings of securities. The Committee intends to purchase, by the end of June 2012, $400 billion of Treasury securities with remaining maturities of 6 years to 30 years and to sell an equal amount [...]