Fed Set to Announce QE2; Will Involve Gradual Bond Buying
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The Federal Reserve's new monetary stimulus measure, or QE2, will be unveiled next week according to reports from the Wall Street Journal.
The Fed is expected to announced a program of U.S. Treasury bond purchases worth a few hundred billion dollars over several months. This will be different from the nearly $2 trillion program during the financial crisis.
The announcement is expected upon the conclusion of a two-day meeting next Wednesday.
The restarting of the bond buying program has been greeted with deep skepticism. Kansas City Fed President Thomas Hoenig said it is a "bargain with the devil."
The Fed is expected to announced a program of U.S. Treasury bond purchases worth a few hundred billion dollars over several months. This will be different from the nearly $2 trillion program during the financial crisis.
The announcement is expected upon the conclusion of a two-day meeting next Wednesday.
The restarting of the bond buying program has been greeted with deep skepticism. Kansas City Fed President Thomas Hoenig said it is a "bargain with the devil."
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