Joe Gagnon's "plan of action on jobs" for the Fed would include an additional $2T of asset...

|By:, SA News Editor

Joe Gagnon's "plan of action on jobs" for the Fed would include an additional $2T of asset purchases to push down bond yields, mortgage rates and the dollar, and to boost stock prices. The action would help households "deleverage their balance sheets and encourage consumption, investment, and exports. Businesses would need to hire more workers..." But didn't we just try that?