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So if the Fed wishes to rein in quantitative easing (QE) without hurting the economy, it must convince markets it will not allow inflation to plunge or employment to stumble.It is trying.
The others are engaged in quantitative easing.
The £50bn increase in quantitative easing announced by the MPC may have only marginal benefits to the real economy.
The top line from this press conference seems to be the ECB's refusal to indulge in quantitative easing.
The IMF has also urged Japan and the eurozone to maintain their plans to stimulate their ailing economies with an increase in quantitative easing.
He added, "The earnings season is now behind us and there still is the open issue that the Fed might re-engage in quantitative easing.
Similar(21)
The Federal Reserve has funneled $4.6 trillion to Wall Street in bailout money, most of it generated via "quantitative easing" (in effect, printing money); yet hyperinflation has not resulted.
A coming shift by the Federal Reserve in its quantitative easing program may also be curbing banks' appetite for mortgage loans they keep on their own books.
The Federal Reserve cut short-term interest rates in effect to zero in December, then embarked on "quantitative easing" in March by buying bonds with newly printed money.
In fact, with "quantitative easing" they've been effectively pumping as much money as they can into the banks, without producing any inflationary effects.
The ECB has been propping up the recovery with ultra-low borrowing costs, alongside printing money in a massive quantitative easing (QE) programme.
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