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On the surface, the Fed's QE3 announcement today may appear to be a repeat of what it's done in...

On the surface, the Fed's QE3 announcement today may appear to be a repeat of what it's done in earlier rounds, but it's not, says CNBC's John Carney. In a a stark departure from past practices, the policy is an open-ended expansion with no limit on duration, and it won't go away until the labor market improves.
Comments (4)
  • Remyngton
    , contributor
    Comments (354) | Send Message
     
    This policy lines up with Chicago Fed's Evans' comments on targeting unemployment until it falls below 7% vs inflation at 3%
    13 Sep 2012, 08:56 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    Here comes inflation and continued employment deterioratio!
    13 Sep 2012, 09:43 PM Reply Like
  • bdarken
    , contributor
    Comments (417) | Send Message
     
    '....and won't go away until...."

     

    A new President and Fed Chair take office.....
    14 Sep 2012, 12:06 AM Reply Like
  • kyleg17
    , contributor
    Comments (174) | Send Message
     
    ^ obama needs to go he's in over his head that's all this QE means. Him and Ben are working together. Love him as a person but not as a pres..
    14 Sep 2012, 12:26 AM Reply Like
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