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QE3 to Infinity – What Does It Mean?

What Was The QE3 Announcement¬†– What Does It Mean? Here is what the Fed announced: The central bank will buy $40 billion of mortgage-backed securities a month, and is willing to take more action if the labor market doesn’t improve, its policy-setting committee said. The Fed also extended an existing stimulus effort known as Operation Twist, under which the central bank has been selling short-term bonds and using the proceeds to buy longer-term bonds in an effort to bring down long-term rates. Officials also said they expect to keep short-term interest rates near zero until at least mid-2015, past the … Continue reading

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