Markets Higher as Boston Fed President Calls for 'Open Ended' QE3
Tweet Send to a Friend
Boston Federal Reserve president, Eric Rosengren, is calling for decisive action from the Fed to boost the weakening U.S. economy. His comments came during an interview on CNBC’s Squawk Box.
"If you're treading water, even if you're a good swimmer, at some point you need to get to land," Rosengren said in an interview with CNBC.
He is calling for an open ended round of quantitative easing to boost the economy and fuel jobs gains. Without Fed action, Rosengern sees the jobless rate growing.
Just after 11AM ET, the Dow is up 62, the Nasdaq is up 23 and the S&P 500 is up 8.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
"If you're treading water, even if you're a good swimmer, at some point you need to get to land," Rosengren said in an interview with CNBC.
He is calling for an open ended round of quantitative easing to boost the economy and fuel jobs gains. Without Fed action, Rosengern sees the jobless rate growing.
Just after 11AM ET, the Dow is up 62, the Nasdaq is up 23 and the S&P 500 is up 8.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Gold Pares Losses as Fed Tapering Questioned (GLD) (IAU) (SLV)
- Tepper: It's a 'My Cousin Vinny' Market... 'Evidence is Overwhelming'
- Berkshire Hathaway (BRK-A) Cut to 'AA' From 'AA+' by S&P
Create E-mail Alert Related Categories
Fed, Market CheckRelated Entities
Standard & Poor's
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
