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The Fed shouldn't even talk about halting QE until headline unemployment drops to 7.25% (it's...

The Fed shouldn't even talk about halting QE until headline unemployment drops to 7.25% (it's 7.8% now), says the Boston Fed's Eric Rosengren. ZIRP, of course, will remain in place until UE hits 6.5%. If the employment picture doesn't improve, not only will the beatings continue, but Rosengren sees scope for an even-larger QE program.
Comments (8)
  • I feel like I'm on an economic submarine where the captain is yelling BUY BUY BUY instead of DIVE DIVE DIVE
    15 Jan 2013, 03:43 PM Reply Like
  • let's keep shoveling more money from the Fed to the TBTF banks... onward to prosperity!
    15 Jan 2013, 04:04 PM Reply Like
  • disgusting actually.....that this is how they think....and in public no less...
    15 Jan 2013, 04:44 PM Reply Like
  • Rosengren is a true patriot.... looking out for the little guy.
    15 Jan 2013, 04:47 PM Reply Like
  • Superman: faster than a speeding bullet,
    but not faster than the US$ printing presses.
    15 Jan 2013, 05:46 PM Reply Like
  • We all know that QE will never end, the trick is to get people to believe that it will later, just like we will pay the debt later

     

    If they say forever the game ends
    15 Jan 2013, 08:54 PM Reply Like
  • Yep, people believing that QE will ever end also believe that Santa Claus's responsible for their XMas gifts.
    15 Jan 2013, 09:54 PM Reply Like
  • He is dovish and made statements favoring further stimulus months before QE2 happened.
    15 Jan 2013, 11:05 PM Reply Like
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