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Calls for QE3 grow as economy wanes
Calls for more stimulus are also growing louder among Fed officials, a sign that the odds of QE3 are increasing, said Brian Gendreau, market strategist at Cetera Financial Group. While speaking earlier this week in Idaho, San Francisco Fed president John Williams said it is essential that the central bank provide "sufficient monetary accommodation to keep our economy moving toward our employment and price stability mandates." While admitting that the extension of Operation Twist, a program that swaps short-term bonds for longer-term U.S. Treasuries, will only have a "modest impact on the economy," he reiterated that ... (full story)
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