Wednesday, 30 January 2013

Bernanke to spend $1.14 trillion in hopes of mitigating unemployment

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More at http://daily20pips.blogspot.com/2013/01/cheryl-cole-shows-her-long-legs-off.html

Federal Reserve Chairman Ben Bernanke's latest round of bond buying is slated to reach an estimated USD $1.14 trillion before he ends the program in the first quarter of 2014, according to median estimates in a Bloomberg survey of economists. Indeed, Bernanke will push on with purchases of approximately $40.0 billion a month of mortgage bonds and $45.0 billion a month of Treasuries, according to the survey of 44 economists, even amidst the warnings via Fed officials, fearful that his unprecedented balance-sheet expansion will shackle efforts to effectively fortify policy when necessary.

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