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?

Bernanke borrows from bloggers for QE3

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.

Faced with stubbornly high unemployment, low inflation and rates close to rock bottom, the US has very nearly become Japan. To stop the rot, Ben Bernanke’s new plan is to inject money and keep injecting it until economic growth returns and unemployment...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...