Year six of QE
The Fed will continue its $85-billion-a-month asset purchases, he said, “until it observes a substantial improvement in the outlook for the labor market in a context of price stability.” Bernanke did a good job of outlining, and downplaying, the risks of expanding the Fed’s balance sheet, which, at $3.1 trillion, is almost four times its pre-crisis size.
We’re now in our sixth year of QE. It’s hard to see this ending well.
February 28th, 2013 at 7:32 pm
I find it curious that the “sequester” cuts are nearly the same as the monthly QE bill.