Friday, November 19, 2010

Fed’s Plosser: QE2 Benefits May Not Outweigh Costs.

"The benefits of the Federal Reserve’s plan to buy $600 billion in government bonds in an effort to lift the economy may not be enough to outweigh the costs, Federal Reserve Bank of Philadelphia President Charles Plosser said Thursday.

Plosser had already expressed doubts about the Fed’s bond purchases, known as quantitative easing. He repeated his concerns to reporters Thursday, but declined to say how he would have voted when the central bank took the controversial move Nov. 3..."

at http://blogs.wsj.com/economics/2010/11/18/feds-plosser-qe2-benefits-may-not-outweigh-costs/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Feconomics%2Ffeed+%28WSJ.com%3A+Real+Time+Economics+Blog%29

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