Will the Fed continue to devalue the dollar through quantitative easing?
*Financial Times, by Robin Harding, October 12, 2011:
''Fed tempted by 'QE3' at latest meeting
The US Federal Reserve considered a new round of quantitative easing as
an option at its September monetary policy meeting, suggesting that
'QE3' is still possible if the economy weakens further.
'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,' say minutes of the meeting, released on
Wednesday.
At the September meeting the Fed launched 'Operation Twist' -- a $400bn
programme of selling short-dated and buying longer-dated Treasuries --
in an effort to drive down long-term interest rates and support a
failing economic recovery.
But the minutes suggest there is still an appetite on the rate-setting
Federal Open Market Committee for more measures to support growth.''
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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