MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop
MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
The Federal Reserve appears ready to ease off the stimulus pedal that is pumping life into the US economy at a key meeting that opens Tuesday, despite signs of slowing growth.
Most economists expect the Federal Open Market Committee will signal the Fed's $600 billion asset purchase program will end as scheduled by June 30.
And few expect the quantitative easing, dubbed QE2, will be followed by additional stimulus.
The aim of the FOMC program to buy Treasury bonds announced in November was to lower as much as possible medium- and long-term interest rates at a time when the Fed has run out of firepower.
The central bank slashed its key target to between zero and 0.25 percent two and a half years ago, helping to keep short-term rates low.
The Treasury bond purchases, or quantitative easing, dubbed QE2, are set to end on June 30.
[And the economy continues to roll even more swiftly backwards to the edge of a cliff]