More Bernanke: The first two rounds of QE have lowered Treasury yields by 80-120 basis points,...
More Bernanke: The first two rounds of QE have lowered Treasury yields by 80-120 basis points, raised GDP by 3%, and increased payrolls by 2M. This remains a man who clearly believes in the positive effects of QE and still sees credit/financial markets as needing it. He didn't make any explicit promise for another round, but the speech comes close.
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