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Mr. Kashkari backed the asset purchase plan.
Here's some instant reaction: Ralph Silva (@rsilvalondon) #BoE's #King voted for asset purchase increase.
"We are continuing the asset purchase program first announced in September," Bernanke says.
As such, the market thought that the MPC would pause its asset purchase programme in November.
The asset purchase is subject to approval of the bankruptcy court and Briggs & Stratton's board.
The asset purchase encompassed all the operating assets of the Land O'Lakes Fluid Dairy Division.
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A troubled-asset purchase program, to be effective, would require a huge commitment of money.
Paulson insisted troubled-asset purchase was the way to go.
Its open-ended asset-purchase programme is not due to start until 2014.
The asset-purchase programme is as yet too small to matter.
Another favoured easing policy by increasing the size of the bank's asset-purchase programme.
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