Skip to comments.Fed launches new open-ended stimulus
Posted on 09/13/2012 10:16:54 AM PDT by BradtotheBone
The bank says it will work to stimulate the economy until it sees improvements in the labor market.
The Federal Reserve announced an open-ended bond buying program Thursday it said would continue until the labor market improves "substantially."
The announcement marks a significant new step in the Fed's effort to boost the economy, and also signals the central bank's concern about the weak recovery from the recession.
The political ramifications of the move could also be huge. The decision comes less than two months before a presidential election expected to turn on voter perceptions of the economy.
Stocks spiked on the news, which had been widely expected by investors. The Dow Jones Industrial Average was up roughly 100 points in the first moments after the statement was released.
Republicans immediately pounced on the Fed's decision, arguing it was an indictment of President Obama's economic record that they said woud fail to rescue the president from a defeat in Novemberr's electin
(Excerpt) Read more at thehill.com ...
buying votes at our expense..who voted for it.?
The people running this country are... retards.
The beatings will continue until morale improves.
The floggings will continue until morale improves.
The fed board. 11-1.
Eliminate the FED. DEFUND socialist collectives. Live as low-taxed, debt-free, productive citizens in a republic supported by the proper purpose of law.
live - free - republic
Sorry. Monetary policy panel.
Fed nakedly helps 0bama against Romneeeey!
Three cheers for Benny Bernankeeeeeeee!
Socialism Is Legal Plunder - “The Law” - Bastiat 1801-1850
Assholes! Here are the charts from this economist:
How flipping convenient that it will continue until a substantial improvement in the economy.
Ebamanomics = Let's keep spending until our bank account starts growing by leaps and bounds.
OH! BTW that debt ceiling thingy....lemme 'splain it for you folks in Rio Linda...
* Democrats don't understand THE DEBT CEILING
* Republicans don't understand THE DEBT CEILING
* Liberals don't understand THE DEBT CEILING
* NO ONE understands THE DEBT CEILING
SO - Allow me to explain ...
Let's say you come home from work and find there has been a sewer backup in your neighborhood.
Your home has sewage all the way up to your ceilings.
What do you think you should do?
Raise the ceilings or pump out the shit?
Your choice is coming in November. Don't miss the opportunity.
Bernanke is insane.
Gold and silver... check he price in the hour
Since all the world’s govt banks are now doing the same thing it won’t help our labor market, or any part of our ecenomy.
It will get Obama a few nice bumps in the stock market, briefly-maybe not even through the campaign, and put off gov debt problems a little while.
Should get him some more campaign donations too.
Eric S. Rosengren - Y
William C. Dudley - Y
Charles I. Plosser - Y
Sandra Pianalto - Y
Jeffrey M. Lacker - N
Dennis P. Lockhart - Y
Charles L. Evans - Y
James B. Bullard - Y
Narayana R. Kocherlakota - Y
Esther George - Y
Richard W. Fisher - Y
John C. Williams - Y
I am disappointed in Kocherlakota and Fisher
Your money will become worth less and less by the day.
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