The more than $2.5 trillion that the Fed's bond-buying program - known as quantitative easing, or QE - has pumped into the financial system is...
federal reserve quantitative easing
Forget the Punch Bowl, With QE3 Ben's Party is Open Bar
Everything changed on September 13. It's the day Ben Bernanke promised not to take away the punch bowl.
Last Thursday, Helicopter Ben announced that the Fed would start buying $40 billion in mortgage-backed securities -- for as long as it takes. He also announced the Fed will keep rates between 0-0.25%, until mid-2015.
The goal is to keep supporting the mortgage bond market until the employment level improves "sufficiently."
But given that the last...
QE3 Delivers Fresh Ammo for Both Romney and Obama
U.S. Federal Reserve Chairman Ben Bernanke never intended his latest stimulus program, QE3, to become an issue in the 2012 presidential election, but he had to know what would happen.
"We have tried very, very hard, and I think we've been successful...to be nonpartisan and apolitical," Bernanke said at a news conference Thursday after the official Fed announcement of QE3. "We make our decisions based entirely on the state of the economy....So we just don't take...