The unemployment rate remains "unacceptably high," says FRBNY President Dudley, promising to...


The unemployment rate remains "unacceptably high," says FRBNY President Dudley, promising to stay the course with QE∞, and take a hard look at amending it with more Treasury purchases in 2013. Instead of putting a number on what he wants to see for headline UE, Dudley will focus on a range of current and forward-looking indicators.

Comments (1)
  • Hitesh Patel
    , contributor
    Comments (314) | Send Message
     
    If we keep buying Mortgaged back securities that are under water from the irresponsible banks that made them and hold them, then the banks will go out and lend and businesses will hire.

     

    Its worked out so well in the past. Does anyone really still believe this horseshit
    29 Nov 2012, 09:49 AM Reply Like
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