QE3

Bernanke borrows from bloggers for QE3

QE1 and QE2 didn’t work, and nor did Zirp or Twist or anything else. Now the Fed chairman is turning to economics blogs for help. Why not?
Ben Bernanke, chairman of the US Federal Reserve
Ben Bernanke, chairman of the US Federal Reserve

The US Federal Reserve’s shift to open-ended asset purchases last week caused quite a stir, not least because it seemed to be admitting the failure of its response to the crisis so far.

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