More from the Fed: Treasury purchases will "initially" be $45B/month, suggesting the Committee has little compunction about raising the amount. "The committee expects that a highly accommodative stance ... will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens." Bernanke's great experiment continues. Lacker dissents. Press conference at 2:15 ET.
More from the Fed: Treasury purchases will "initially" be $45B/month, suggesting the Committee...
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