|
Title: Quantitative Easing not helping the economy? New Stimulus Needed? Post by: Coach Hank Crisp on August 22, 2011, 10:37:38 AM The Federal Reserve Bankers meeting in Jackson Hole Wyoming.
http://www.bloomberg.com/news/2011-08-22/jackson-hole-central-bankers-reflect-on-qe2-amid-pressure-for-new-stimulus.html Quote Jackson Hole Central Bankers Reflect on QE2 Amid Pressure for New Stimulus Chairman Ben S. Bernanke has big shoes to fill this week when he speaks at the Federal Reserve’s annual symposium in Jackson Hole, Wyoming: His own. Quantitative easing---> Now, any boost to the economy from the Fed’s $600 billion of bond buying is hard to detect, with growth slowing to a less- than-1-percent annual pace in the first half, the U.S. losing its top credit rating from S&P and stocks falling about 18 percent from their peak. |