Bloomberg News recently conducted a survey of about 50(It wasn't specified) of the country's top economic leaders to get their opinion on what The Fed will decide to do in reference to buying bonds over the next couple weeks. The survey found that a majority of those polled predicted a purchase of $500 billion.
My question is that if The Fed's purchases which at this point have totaled more than a trillion has not done anything significant to stimulate the economy, then why would they essentially throw even more money down the drain. I think a more reasonable idea (which 7 experts predicted would occur) is for The Feds to buy about $10 billion in bonds each month which would allow them to assess the effect that these purchases are having on stimulating the economy while still allowing them to minimize harm if the bond purchases prove to be ineffective.
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