Federal Reserve Commits to Quantitative Easing 3 was originally published on Chicago Agent Magazine, the leading source for news and perspective for real estate professionals in the Chicagoland area.
By Peter Ricci Federal Open Market Committee, the Federal Reserve committee responsible for overseeing interest rates and money supply in the United States, made it official today ? the Fed will be pursuing a new policy of economic stimulus, one operating under the highly elegant title of “Quantitative Easing 3.” Though the name sounds like a chapter in a David Foster Wallace novel, the concept of quantitative easing is actually quite simple. The Fed buys hefty amounts of mortgage-backed securities, and by doing so, it puts money back into the economy; thus, ...
Federal Reserve Commits to Quantitative Easing 3 was originally published on Chicago Agent Magazine - For the well-informed real estate professional, the leading source for news and perspective for real estate professionals in the Chicagoland area.
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