swissaustrian
10-21-2011, 07:12 AM
By FED-mouthpiece John Hilsenrath (WSJ) who leaked operation twist and QE2:
"Fed Is Poised for More Easing"
Federal Reserve officials are starting to build a case for a new program of buying mortgage-backed securities to boost the ailing economy, though they appear unlikely to move swiftly.
The idea would be to target any new efforts by the central bank at the parts of the economy that are most severely impeding a recovery—the housing and mortgage markets—by working to push down mortgage rates.
Lower mortgage rates, in turn, could encourage more home buying and mortgage-refinancing, and help the economy by freeing up cash for consumers to spend on other goods and services.
http://online.wsj.com/article/SB10001424052970203752604576643510352250474.html
"Fed Is Poised for More Easing"
Federal Reserve officials are starting to build a case for a new program of buying mortgage-backed securities to boost the ailing economy, though they appear unlikely to move swiftly.
The idea would be to target any new efforts by the central bank at the parts of the economy that are most severely impeding a recovery—the housing and mortgage markets—by working to push down mortgage rates.
Lower mortgage rates, in turn, could encourage more home buying and mortgage-refinancing, and help the economy by freeing up cash for consumers to spend on other goods and services.
http://online.wsj.com/article/SB10001424052970203752604576643510352250474.html