qe3

A couple of days late, but the Fed announced this week that they will begin a third round of treasury purchases in order to reduce interest rates further. This comes after a lot of criticism from economists (especially in the blogosphere), but it comes at a very trying time politically. I...

After a rough week and one day, there is now speculation that the Fed will act with QE3, which has sent markets up today. And here we go again...

Almost everyone in the financial media is talking about the current quantitative easing program (QE-2) that is scheduled to expire in late June 2011. This is where the central bank, called the Federal Reserve, creates money and buys U.S. Treasuries. The Federal Reserve has bought about $500...