Fed Open to Buying More Securities

May 21st, 2009

Via: Wall Street Journal:

Some Federal Reserve officials are open to raising the amounts of mortgage and Treasury securities purchase programs beyond the $1.75 trillion that they have already committed to buying, according to minutes from the Fed’s April meeting.

Officials, meanwhile, projected an even deeper recession than they expected three months earlier and a more sluggish recovery over the next two years as labor markets remain under pressure.

Posted in Economy | Top Of Page

One Response to “Fed Open to Buying More Securities”

  1. Dennis says:
    May 22, 2009 at 3:38 am

    I’m pretty ignorant about things to do with business and investment (though beginning to realise I’m a lot less ignorant than most) so if this comment seems naive, I apologise.

    Is it possible this is just a foray into more and diverse forms of turning the private property of the public into the private property of the state and/or its corporate bedmates?

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