Market Currents
Chicago Fed's Charles Evans fires back at QE3 critics, warning of a U.S. "lost decade" if the...
-
Wednesday, September 26, 2012, 2:34 PM ETChicago Fed's Charles Evans fires back at QE3 critics, warning of a U.S. "lost decade" if the Fed limits itself to modest policy actions. There's no surprise here, as the hard-core dove Evans finds it “essential" to do as much as possible now to prop up the economy; his most noteworthy comment is that 3% inflation "not an unreasonable cap" on policy.
Other date
Latest Macro Articles
This news story has 13 comments:
http://bit.ly/QFFbDs
we have another lost God only knows how long to look forward to!
Oh, excuse me!
Mitt Romney has vowed to get rid of Bubble Blowin Ben and the QE Stun gun,
so we can look forward to a "House Cleaning" in 40 days!
Hey Mitt,
how about Rand Paul to replace "Tax Cheat Timmy"
and for all the Ron Paul fans,
Ron Paul at the fed!
STRONG DOLLAR and Global Respect is long overdue!
God save the republic!
Amen!
There he goes again. Mr. Evans, by using this statement again, is confirming that QE3, and monetary policy intervention he proposes, is bold, rather than modest, reckless, rather than cautious, and dangerous, rather than safe.
"That type of passivity is a gamble that is not worth taking."
The gamble of allowing the markets to correct so we can have sustainable growth that lasts? That's not a gamble. We know what will happen. The economy will rebalance, get rid of malinvestment. There will be some pain, but it will be temporary. Then the economy and markets take off in real growth mode. Instead, they gamble on perpetuating insolvency through more debt, and malinvestment in risky assets. They feel that it is better to gamble on the legitimacy of the world reserve currency and our country's future.
The regional Bank presidents rotate in service on the FOMC.
http://1.usa.gov/PGSODp
He has outstanding credentials: http://1.usa.gov/Rjasyt
It is fine to disagree with someone's conclusions, but .....
Who hired this idiot anyway? The American people surely did not.
MrEnergyCzar