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(37,305 posts)
Tue Aug 28, 2012, 06:01 PM Aug 2012

Why QE3 May Be A Thinly Veiled Attempt To Wind Down Fannie And Freddie


On Monday, Chicago Fed chief Charles Evans joined his counterparts in Boston and San Francisco in calling for open-ended asset purchases. Like Boston's Eric Rosengren, Evans believes that the Fed should expand its balance sheet continually until certain economic outcomes are achieved. Specifically, Evans says that asset purchases should persist until the jobless rate falls to 7% and should only be reconsidered in the event inflation rises above 3%. Evans claims that if the Fed doesn't act the unemployment rate will remain above 7% until at least 2015.

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Why QE3 May Be A Thinly Veiled Attempt To Wind Down Fannie And Freddie (Original Post) dkf Aug 2012 OP
Republicans would shit themselves if the Fed absrobed Fannie/Freddie banned from Kos Aug 2012 #1
I don't think we have much choice. roamer65 Aug 2012 #2


(36,736 posts)
2. I don't think we have much choice.
Tue Aug 28, 2012, 06:10 PM
Aug 2012

It is the only arrow the Fed has left to try to avoid the coming downturn.

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