Bernanke Doesn't Rule Out More Bond Buying to Aid Economy

[bobbyw24]

Federal Reserve Chairman Ben S. Bernanke didn’t rule out expanding the central bank’s asset purchases aimed at stimulating the economy, saying he doesn’t want to see the U.S. relapse into a recession.

Asked at a House Financial Services Committee hearing today what conditions would warrant a third round of so-called quantitative easing, Bernanke said that “what we’d like to see is a sustainable recovery. We don’t want to see the economy falling back into a double dip or to a stall-out.”



Bernanke’s testimony today and yesterday signaled that he will keep the Fed on course to complete $600 billion of Treasury purchases through June under the second round of quantitative easing, a policy criticized by Republican lawmakers as risking an inflation surge. He’s avoided saying what the central bank may do after that.

http://www.bloomberg.com/news/2011-0...-recovery.html

[eduardo89]

They're spending $75 billion a month on buying bonds. The Fed is now the biggest Treasury bong buyer! When QE2 finishes in June, whose going to step in and buy them?!

[HOLLYWOOD]

They're spending $75 billion a month on buying bonds. The Fed is now the biggest Treasury bong buyer! When QE2 finishes in June, whose going to step in and buy them?!

Yes, this will continue and who's going to stop them? The prostitutes on Capital Hill have to spend to reward their supporters and campaign donors, false promises, and talking points for reelections. Washington DC doesn't want all their PONZI/PYRAMID schemes to collapse... this will continue until all the garbage is bought and the controlled inflation consumes all the depreciated assets. OR A monetary collapse.