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QE3 Should Be Good For The Economy, U.S. Consumers
Federal Reserve Chairman Ben Bernanke delivered what the markets yearned for, another round of quantitative easing. At the end of its two-day meeting on Thursday, the Fed announced the launch of a new bond buying program. This is the third round of bond buying program that the Fed has implemented in its efforts to stimulate the U.S. economy. QE3, as the new bond buying program is popularly known as, is the Fed's most aggressive stimulus program since the financial crisis of 2009. The Fed said that it will purchase $40 billion of mortgage-backed debt each month until there is a significant improvement in the labor ... (full story)
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