-- The Federal Reserve said it’s willing to ease monetary policy further to spur growth and support prices while refraining today from expanding its holdings of securities.
“The committee will continue to monitor the economic outlook and financial developments and is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate,” the Federal Open Market Committee said today in a statement in Washington.--
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The Fed is not yet done with its job of destorying the US dollar and bringing the US economy full down on its knees. Therefore, more QE (quantitative easing) will be needed. And it was an easy bet that Bernanke and his cheerleaders will do as promised and deliver.
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