Bernanke Expected to Pump Up to $1T Into US Economy

Fed chairman Ben Bernanke is likely to extend quantitative easing by as much as $1 trillion on Wednesday. Most analysts expect the Fed to spend around $500 billion, although there is always the possibility the stimulus could reach $1 trillion. The aim of QEII is to spur growth, dispel deflation, and reduce unemployment.

Be the first to comment

Leave a Reply

Your email address will not be published.


*