Political Capital

Posts tagged: quantitative easing

Janet Yellen, chair of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, D.C. on March 19, 2014.

Photograph by Andrew Harrer/Bloomberg

Janet Yellen, chair of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, D.C. on March 19, 2014.

Bloomberg by the Numbers: $55 Billion

The Federal Reserve is scaling back its monthly securities purchases to $55 billion from $65 billion. The Fed’s stimulus program is “not on a pre‐set course and the committee’s decisions about the pace of purchases remain contingent on its outlook...

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Ben S. Bernanke, chairman of the U.S. Federal Reserve, in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Ben S. Bernanke, chairman of the U.S. Federal Reserve, in Washington, D.C.

Tapering the Easing: Only in D.C.

Only in Washington is tapering the opposite of easing. Then again, only here might the QE2 be a bond purchase. The Federal Reserve announced today that it will cut its monthly bond purchases to $75 billion — down from $85...

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Charles Evans, president and chief executive officer of the Federal Reserve Bank of Chicago.

Photograph by Jonathan Alcorn/Bloomberg

Charles Evans, president and chief executive officer of the Federal Reserve Bank of Chicago.

Evans to Fed Skeptics: QE Working

With characteristic vigor, Federal Reserve Bank of Chicago President Charles Evans had a message today for skeptics of the central bank’s unprecedented stimulus measures known as quantitative easing. From auto loans to mortgages and employment, all signs are pointing to...

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An employee counts U.S. 100 dollar notes and 500 ruble notes, right, at the counter of an OAO Sberbank currency exchange in Moscow, Russia.

Photograph by Andrey Rudakov/Bloomberg

An employee counts U.S. 100 dollar notes and 500 ruble notes, right, at the counter of an OAO Sberbank currency exchange in Moscow, Russia.

Fed Doesn’t Target Exchange Rates — But if it Did…

Ask Federal Reserve officials about their goals for the U.S. exchange rate, and they will demur. The Fed’s standard response is that the strength or weakness of the dollar is a matter for the U.S. Treasury. Yet one of the...

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Traders work in the ten-year U.S. Treasury Note options pit at the Chicago Board of Trade.

Photograph by Daniel Acker/Bloomberg

Traders work in the ten-year U.S. Treasury Note options pit at the Chicago Board of Trade.

Fed Exit Looks Harder w/ New Buying

Federal Reserve watchers such as Michael Feroli at JPMorgan Chase & Co. expect the central bank this week to bulk up its balance sheet again by adding $45 billion dollars of monthly Treasury purchases to its standing program of $40...

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Ben S. Bernanke, chairman of the U.S. Federal Reserve, speaks to the Economic Club of New York on Nov. 20, 2012.

Photograph by Scott Eells/Bloomberg

Ben S. Bernanke, chairman of the U.S. Federal Reserve, speaks to the Economic Club of New York on Nov. 20, 2012.

Bernanke’s Green Light for Easing

The latest inflation reports tied to consumer spending give Federal Reserve Chairman Ben Bernanke a green light to consider stepping up asset purchases, or quantitative easing. Today’s Commerce Department report showed that a measure of prices tied to spending advanced 1.7...

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William "Bill" C. Dudley, president of the Federal Reserve Bank of New York.

Photograph by Stephen Yang/Bloomberg

William "Bill" C. Dudley, president of the Federal Reserve Bank of New York.

Fed Hints at More Bond Buying in ’13

Written with Caroline Salas Gage A Federal Reserve policy maker added to hints that the central bank will continue Treasury purchases into 2013 when officials gather for their last meeting of this year. Federal Reserve Bank of New York President...

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Specialist David Pologruto works at his post on the floor of the New York Stock Exchange, as Federal Reserve Chairman Ben Bernanke holds a news conference in Washington.

Photograph by Richard Drew/AP Photo

Specialist David Pologruto works at his post on the floor of the New York Stock Exchange, as Federal Reserve Chairman Ben Bernanke holds a news conference in Washington.

Romney: QE3 Just a ‘Sugar High’

Mitt Romney called quantitative easing a “sugar high” today in his first public comments about the Federal Reserve’s plan to stimulate the economy. Speaking to donors in New York City this morning, Romney said his economic policies avoid the need for another round...

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