Friday June 5, 2020

Bernanke takes another trip on QE3

With a stark declaration that "we want to see more jobs", Ben Bernanke, the chairman of the US Federal Reserve, last week announced a third major round of quantitative easing.

15th September, 2012
Ben Bernanke, chariman of the Federal Reserve.

With a stark declaration that "we want to see more jobs", Ben Bernanke, the chairman of the US Federal Reserve, last week announced a third major round of so-called quantitative easing - the term for the Fed pumping money into the US economy.

Bernanke said that the Fed action would begin immediately, with the central bank buying up about $23 billion-worth of mortgage-backed securities in the remainder of this month.

The idea is to stimulate activity...

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