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"Participants also differed in their assessments of the likely benefits and costs associated with a program of purchasing additional longer-term securities in an effort to provide additional monetary stimulus, though most saw the benefits as exceeding the costs in current circumstances. Most participants judged that a program of purchasing additional longer-term securities would put downward pressure on longer-term interest rates and boost asset prices; some observed that it could also lead to a reduction in the foreign exchange value of the dollar. Most expected these changes in financial conditions to help promote a somewhat stronger recovery in output and employment while also helping return inflation, over time, to levels consistent with the Committee’s mandate."
Originally posted by ksorelleesq
They know that it will not work - so it is time for another global conflict- so please turn your attention to the NEW Korean staged conflict - which will give us some juice for our economy
Plus we get to go after China - our actual target - gotta have a new super villain in this stage production
Originally posted by thewholepicture
reply to post by mnemeth1
Yet the fed still says it may take years to recover?
The Fed know if they leave things alone, things will naturally level out. They don't want that.
fed say recovery may take years