highly accommodative Fed policy

A Virtual Easing by the FOMC

January 25, 2012

The Federal Open Market Committee didn’t cut Federal funds rate because it’s already been near zero since late 2008.  New quantitative easing wasn’t announced because the present round of Operation Twist still has five months to run.  The third major policy tool after cutting interest rates and unconventional measures to increase liquidity and depress longer […] More

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