Fed chief Bernanke says QE plans not set in stone

Fed chief Bernanke says QE plans not set in stone
 

Federal Reserve chairman Ben Bernanke has insisted that the US central bank's timetable for scaling back its bond-buying programme is not on a "preset course", and asset purchases could increase if the economy takes a turn for the worse.
Bernanke’s comments, which pushed up US government bond prices, came just hours after the Bank of England revealed a cooling in demand among its policy-makers for an extension to its £375 billion quantitative easing (QE) programme.
In a bid to drive down borrowing costs and spur investment, the US Fed has been buying $85bn (£55.9bn) of bonds each... read more

 
18 July 2013 in Business, Views: 22
Source: Scotsman
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