Federal Reserve to print billions of dollars in massive shadow stimulus


Agence France-Presse
November 3, 2010

  • A d v e r t i s e m e n t
  • {openx:49}

The Federal Reserve’s policy-setting panel began a crucial two-day meeting Tuesday, poised to cast aside its long-held reluctance to micro-manage the economy in a bid to avoid a lost decade of growth.

The central bank’s open market committee (FOMC) is expected to approve massive stimulus spending not seen since the depths of the economic crisis.

Fresh food that lasts from eFoods Direct (Ad)

At the conclusion of the meeting Wednesday, the Fed is expected to announce it will resume the large-scale purchase of long-term US bonds — essentially printing billions of dollars — in the hope of boosting a weak recovery.

Read entire article


Infowars.com Videos:


Comments are closed.