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The Fed’s ‘hidden agenda’
Posted by **Hippie J** on Sep 27, 2013 at 6:33:09 AM:
Peter J. Tanous
CNBC
Sept. 25, 2013
The markets were surprised when the Federal Reserve did not announce a tapering of the quantitative easing bond buying program at its September meeting. Indeed, its signal to the market that it was keeping interest rates low was welcome, but there may be a hidden agenda.
Since it began in late 2008, QE has spurred a vigorous debate about its merits, both positive and negative.
On the positive side, the easy money and low interest rates resulting from quantitative easing have been a shot in the arm to the economy, fueling the stock market and helping the housing recovery. On the negative side, The Fed accomplished QE by “printing money” to buy Treasurys, and through the massive power of its purchases drove interest rates to record lows.
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Last updated on Sep 27, 2013