In implementing QE3, the central bank does not use taxpayer money to buy bonds. Rather, it expands the U.S. money supply and electronically credits banks with more funds.
Of the Fed’s 12 voting members, Richmond Fed President Jeffrey Lacker was the only one to oppose Thursday’s decision. He objected against the 2015 forecast and QE3. He has dissented at every Fed meeting since January.
BullionBuzz provides investors with quick snapshot of must-read news pertaining to precious metals markets. Continue reading
BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to the markets and precious metals. Continue reading
BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to the markets and precious metals. This week: Euro: Current Course Is Leading to Disaster Continue reading
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