Friday, December 3, 2010

Bernanke on 60 Minutes: Doesn't rule out QE3

Speculation about Q3 is already underway. QE to infinity, interpreted as whatever it takes, begins to reveal itself in full view to the public

NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke this Sunday will make his second appearance on 60 Minutes, defending the central bank's controversial $600 billion bond buying program.

And he doesn't rule out the possibility that more could be on the way.

He explains why the Fed announced its intention to buy $600 billion in Treasury securities, defending against charges the move will lead to inflation and not ruling out the purchase of more," CBS said Friday.

Source: money.cnn.com

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