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Fed's Bond-Buying May Extend into Late 2013

The Fed’s bond-buying program is likely to be needed well into the second half of 2013, said John Williams, the president of the San Francisco Federal Reserve Bank, on Monday.

In a speech to a semiconductor trade group meeting south of San Francisco, Williams said the Fed “will be looking for convincing signs of ongoing improvement in the labor market and a range of other economic indicators before we stop this program.”

Source: MarketWatch. Read full article. (link)

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  • Sevo||

    Now, there may be shenanigans that make this somewhat respectable, but it sure seems like the government is reaching into its left pocket, transferring the money to the right pocket and somehow finding a gain in value in the effort.
    I'm not buying it.