QE Policy not yield expected effect to economy in the first half year

  • Tuesday, August 20, 2013
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  • Keywords:QE Policy economy
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[Ferro-Alloys.com]JeffreyLacker, the Fed Governor and Richmond Fed, said on August 19, the American economic data was not optimistic in the first half year, 2013, even though Fed had taken the policy stimulus measures, which certificating that the ease monetary policy not generated the expected effect.
 
Lacker also said, whether the Fed would buy asset to respond or not, American economic growth would be about 2% in the next two years.
 
On occasion of the Fed to determine increasing the interest rate and cutting down the asset scale, the Fed chairman would face much change in next few years. To go through the period smoothly, it need sound communication and leading in FOMC internal.
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