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Citigroup Inc. Message Board

  • cchaker cchaker Feb 20, 2013 3:10 PM Flag

    FOMC Minutes: Keep the Money-Printing Party Going

    The Federal Reserve launched its highly anticipated fourth round of quantitative easing in December. The latest money-printing program came only three months after the central bank’s unlimited QE3 was announced. Despite a more positive tone regarding economic conditions, the new Federal Open Market Committee minutes show that the central bank will keep its lead-foot on the monetary gas pedal. According to the just released FOMC minutes, the Federal Reserve will continue to purchase $85 billion a month in mortgage-backed securities and U.S. Treasuries, in addition to keeping interest rates at record lows. Only one member, Esther L. George from the Kansas City Fed, voted against the actions. However, several members want the central bank to prepare for a day when it does not have to keep the economy afloat with the current quantitative easing programs.

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