24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

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)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

  • 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.

advertisement