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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.

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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
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