"As a dog returns to its vomit, so the Fed returns to its folly." Prov 26:11
Financial Times
Fed tilts to more monetary easing
By James Politi in Washington and Robin Harding in St Louis
October 12 2010 19:15
The likelihood that the US will soon launch a fresh burst of “quantitative easing” has increased, as minutes from the Federal Reserve’s latest meeting revealed that officials were nearing an agreement on the need for additional monetary stimulus. The official record from the September 21 gathering of the federal open market committee, which sets interest rates, showed that “many” officials thought a new round of monetary easing might be necessary to breathe life into the sluggish US recovery...
