Tag Archives: US dollar

Plosser Says QE3 Will Have Meager Benefits, Fed Prepared To Act If Euro Crisis Escalates

The President of the Federal Reserve Bank of Philadelphia expressed serious doubts on the effectiveness of QE3 yesterday. Plosser, who is not a voting member of the Fed this year, said that economic research indicates additional asset purchases "are unlikely to reduce long-term interest rates by a significant amount" and added that "lowering rates by a few more basis points won’t spur growth...

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September 27, 2012 @ 7:47 pm

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Plosser Says QE3 Will Have Meager Benefits, Fed Prepared To Act If Euro Crisis Escalates

The President of the Federal Reserve Bank of Philadelphia expressed serious doubts on the effectiveness of QE3 yesterday. Plosser, who is not a voting member of the Fed this year, said that economic research indicates additional asset purchases "are unlikely to reduce long-term interest rates by a significant amount" and added that "lowering rates by a few more basis points won’t spur growth...

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September 27, 2012 @ 7:47 pm

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Moody’s Warns of U.S. Downgrade if Negotiations Don’t Lead to Better Debt/GDP Ratio

Moody's today warned that it may lower U.S. debt rating unless congressional negotiations lead to specific policies that will deliver stable and later falling trend in the federal debt/GDP ratio. Unless that scenario materializes, the ratings agency expects a cut of 1 notch to Aa1. The Agency also said that the current U.S. rating, Aaa with negative outlook, is unlikely to be maintained into...

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September 11, 2012 @ 11:25 pm

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Moody’s Warns of U.S. Downgrade if Negotiations Don’t Lead to Better Debt/GDP Ratio

Moody's today warned that it may lower U.S. debt rating unless congressional negotiations lead to specific policies that will deliver stable and later falling trend in the federal debt/GDP ratio. Unless that scenario materializes, the ratings agency expects a cut of 1 notch to Aa1. The Agency also said that the current U.S. rating, Aaa with negative outlook, is unlikely to be maintained into...

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September 11, 2012 @ 11:25 pm

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