Decoding the Objectives of the Fed’s QE2

By: Francis Cianfrocca (Diary)  |  November 5th at 02:09 PM  | 

It’s been clear enough to everyone with eyes that the most visible effect of the Fed’s QE2 program would be to inflate the stock market, and possibly (because of the weaker dollar) commodities too. A view is starting to emerge that this is what Bernanke actually had in mind. Creating a huge amount of new "bank money" obviously did nothing to stimulate the creation of | Read More »