Skip to main content
  1. News
  2. Politics
  3. Policy & Issues

Bernanke and the Federal Reserve to begin 'Quantitative Easing 3'

See also

Thursday the markets opened with speculation as the Federal Reserve had a scheduled meeting to discuss the possibility of launching "Quantitative Easing 3" or "QE3". By an 11-to-1 vote, the Federal Reserve decided to start QE3. The program will begin with open-ended bond purchases. In fact, the Federal Reserve, headed by Ben Bernanke, will buy $40 billion of agency mortgage-backed securities each month. QE3 will begin on Friday.

The announcement by the Federal Reserve is also keeping in place with "Operation Twist", the effort the Federal Reserve began in September of 2011. Operation Twist consisted of swapping short-dated securities and reinvesting the proceeds of older securities. The Federal Reserve adds $85 billion of long-term securities each month through the end of the year.

The Federal Reserve also pledged to keep their interest rates low "at least through mid-2015". The Federal Reserve claims to be acting "to support a stronger economic recovery". The central bank claims it will continue to monitor information. “If the outlook for the labor market does not improve substantially, the committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability,” the FOMC said.

The actions by the Federal Reserve help lend credence to those who worry about the economy of the United States.

If you wish to ensure you receive email updates to all of Angel's articles please subscribe clicking the link above or join her Facebook Fan Page. Angel is also theWilmington Prepper Examiner and the Wilmington Civil Rights Examiner. You can read Angel's last articlehere. Feel free to comment below and follow Angel on herTwitter! You may listen to Angel LIVE Monday through Friday from 5-7 pm EST on RadioFreedom.us. You may learn more about her Talk Radio Topics and the Radio Freedom News Network on The Angel Clark Show Fan Page!

Do you like Capitalism? Literally, of course.

Write for the Examiner! http://exm.nr/I6sgsh

Comments

Advertisement

News

  • Gaza school shelled
    Israeli airstrikes topple a school in Gaza suspected of housing rockets; dozens killed
    Video
    Video
  • Ebola outbreak
    An American with Ebola virus died shortly after boarding three planes
    World News
  • Why dogs smell butts
    Researchers figure out why dogs like to smell each other's butts
    Pets
  • Time to stop tanning
    The surgeon general advises us not to tan as melanoma cases are on the rise
    Health News
  • Zimmerman lands dream job
    George Zimmerman lands his dream job as a security guard at a gun/motorcycle shop
    Headlines
  • 10 smartest states
    Here are the 10 most educated states in the U.S., did yours make the cut?
    US News