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Ben's $40 Billion-a-Month Bond Buying Habit is Back

sparcboy Wrote: Sep 14, 2012 8:55 AM
Interesting. Buying back mortgage debt.....to improve jobs.....right before the election..

The Federal Reserve announced its long-anticipated next round of quantitative easing, QE3.

The Federal Reserve launched another aggressive stimulus program on Thursday, saying it will buy $40 billion of mortgage debt per month and continue to purchase assets until the outlook for jobs improves substantially. (Fox)

This is a commitment by the Federal Reserve to an open-ended, unlimited QE3--to the tune of $40 billion per month--until they push the economic string long enough to tighten it.

I'll admit I'm surprised it took them this long to do another round of quantitative easing. I predicted in...