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Top Fed policymakers differ on QE3's effectiveness
Just days after the Federal Reserve launched a third round of bond-buying to boost the lackluster recovery and bring down unemployment, top Fed policymakers on Tuesday disagreed sharply over whether it would work. The U.S. central bank last week said it plans to buy $40 billion every month in mortgage-backed securities until the labor market improves substantially. Known as QE3 because it is the Fed's third round of the bond-buying known as quantitative easing, the program is aimed at pushing down long-term borrowing costs and, eventually, stimulate lending, spending and hiring. Fed policymakers broadly agree that ... (full story)
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- Sep 18, 2012 1:24pm Sep 18, 2012 1:24pm
- Elaktaby
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- DragonFire
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There is always a price for promises you don't keep!
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- bima
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