Tuesday, January 10, 2012

SF Fed Head Williams: Fed May Need to Buy More Bonds

Because China, Japan, and Europe sure ain't buyin em!
QE will continue To INFINITY....AND BEYOND!!!

The Federal Reserve Bank of San Francisco President John Williams expects that the central bank will need to buy more bonds if his forecast for subpar growth and low inflation comes to pass, the Wall Street Journal reported on Monday
"Unemployment is going to be sustained above a reasonable estimate of the natural rate of unemployment, which is closer to 6.5 percent than the 8.5 percent that we have now. That does make an argument that we should have more stimulus," he said.
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