This should surprise no-one.
QE to Infinity....AND BEYOND!!!
NEW YORK (CNNMoney) -- Federal Reserve policymakers left the door open to another round of asset purchases in the near future, according to minutes of their most recent meeting.
At the two-day meeting that concluded Sept. 21, the Fed unveiled plans to sell short-term Treasuries and buy longer-term debt, a move popularly known as "Operation Twist," in an effort to drive down interest rates without pumping additional money into the economy.
But the minutes released Wednesday showed that the possibility of a third round of asset purchases, known as quantitative easing or QE3, is still very much alive.
"A number of participants saw large-scale asset purchases as potentially a more potent tool that should be retained as an option in the event that further policy action to support a stronger economic recovery was warranted," the Fed minutes said.
Read more:
