quantitative easing
- SS
6 Sept 2010
Scott Sumner quoted
No longer holdsAggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them.
I predicted that aggressive QE would raise long term interest rates, a view which seemed to be refuted by the response on T-bond yields to the March 2009 Fed QE announcement.
SaidI predicted that aggressive QE would raise long term interest rates, a view which seemed to be refuted by the response on T-bond yields to the March 2009 Fed QE announcement.
- 1 day earlier
- SS
5 Sept 2010
Scott Sumner quoted
Any effective monetary stimulus would be expected to raise long term rates.