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How FOMC Members Might Vote For New Round Of Quantitative Easing

Thursday, October 21, 2010 - 6:20 PM
As you might have guessed, most members on the FOMC are likely in the QE2 camp. This Calculated Risk Blog post has a table showing the FMOC members who are pro and against QE2.

Thomas Hoenig is the only voting member who is a definite no. Hoenig's speech last week was very useful in understanding QE2 and its issues. Here's an excerpt with a brief overview of what QE2 entails:
Proponents of QE2 argue that it would provide a near-term boost to the economy by lowering long-term interest rates while raising inflation. These benefits would arise from the purchase of U.S. Treasury securities, which would lead to lower U.S. Treasury and corporate rates.

Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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