More FOMC: We'll hear more from Bernanke soon, but further reflection reveals the true power of...
More FOMC: We'll hear more from Bernanke soon, but further reflection reveals the true power of today's QE3 announcement. By making the asset purchase program open-ended, the onus now falls onto the hawks to assemble the votes to end it. QE could be Fed policy for a very long time. Stocks, gold, silver, and currencies not nicknamed the greenback all seem to have realized this and moved sharply higher.
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