Forward news ...
Sent from BlackBerry® on phone network. Ronald's EmaiL -----Original Message----- From: MeLinda MeLisa <[email protected]> Sender: [email protected] Date: Thu, 10 Mar 2011 17:49:16 To: <[email protected]> Reply-To: [email protected] Subject: [StockForex] 3 Months From Now, US Fed Will Stop Buying 3 Months from now, US Fed Will Stop Buying. Thursday, March 10, 2011 -- http://marketpin.blogspot.com == US Fed bond buys to finish, greenback and global stocks on radar == Fed's Fisher warns could vote to stop bond buying WASHINGTON (Reuters) – A senior U.S. Federal Reserve official warned on Monday that he would vote to scale back or stop the central bank's $600 billion bond-buying program if it proves to be "demonstrably counterproductive." Dallas Federal Reserve Bank President Richard Fisher, who has repeatedly said he would not support any more bond buying after the program ends in June, said he was doubtful the purchases were doing much good. "I remain doubtful enough as to its efficacy that if at any time between now and June, it should prove demonstrably counterproductive, I will vote to curtail or perhaps discontinue it," Fisher said in remarks prepared for delivery to an Institute of International Bankers' conference in Washington. "The liquidity tanks are full, if not brimming over. The Fed has done its job," he said. The Fed launched its bond buying program in November to help an economic recovery that was struggling with high unemployment after the worst recession since the 1930s. But since then, the economy has shown signs of strengthening with the jobless rate falling to a nearly two-year low of 8.9 percent in February. Fed officials are due to meet March 15 to discuss the bond purchase program. In January, Fisher voted with the rest of the central bank's policy-setting Federal Open Market Committee to continue it. In comments to the bankers' conference, Fisher said he did not feel that further monetary accommodation would help put more Americans back to work. "It might well retard job creation, should it give rise to inflationary expectations," he said, adding that perhaps the Fed's policy has compromised the central bank by implying it is "a pliant accomplice to Congress' and the executive branch's fiscal misfeasance." == How About U.S dollar ? == Stretching out Treasury purchases past the end of June while reducing the monthly amount would help bond dealers adjust to the Fed’s withdrawal from the market, said Lou Crandall, chief US economist at Wrightson ICAP in Jersey City, N.J NEW YORK - The Federal Reserve's $US600 billion bond purchase program will be completed as planned, top Fed officials signalled, though they saw heightened economic uncertainty from unrest in the Middle East. US central bank officials from Atlanta, Chicago and Dallas said they were keeping an eye on the risk higher oil prices could feed through into broader inflation, as well as their potential to hurt growth. Atlanta Fed President Dennis Lockhart said he would not rule out more bond buys if the recovery dwindles. Dallas Fed President Richard Fisher said he would vote to end the program early if higher oil prices fed into broader inflation. The program, announced in November to bolster a fragile economic recovery, is due to end in June. Since it began there have been signs the recovery is picking up steam. Mr Lockhart, a policy centrist, said he was more concerned about the risk to growth from the oil price rise. He said he would be "very cautious" about increasing the size of the purchase program. "Given the emergence of new risks, however, I prefer a posture of flexibility," Mr Lockhart said. He expected overall price pressures to remain subdued and warned it is too early to "declare a jobs recovery as firmly established". Mr Fisher, an inflation hawk, said he "fully expected" the $US600 billion program to "run its course." Mr Fisher told an international bankers' conference he would vote to curtail or stop the program, however, if it proves to be "demonstrably counterproductive." The Fed meets on March 15 for its policy-setting meeting, at which it is expected to reaffirm its purchase plan. Fisher is a voter on monetary policy this year, Mr Lockhart is not. In a CNBC interview, Chicago Fed Bank President Charles Evans said the Fed was closely watching rising oil prices, adding that they were "obviously" a headwind for growth. Revolutions beginning in Tunisia and Egypt have spread to other countries in the region, including Libya and Bahrain. This has pushed the price of oil above $US100 a barrel, complicating the Fed's objective of stimulating economic growth while keeping prices under control. That said, Mr Evans pointed to the improving job market and said he expected economic growth of four per cent this year and next. He called the size of the purchase program "good". "I continue to think the hurdle is pretty high for altering our currently announced" program, Mr Evans, seen as a monetary policy dove and one of the most outspoken proponents for quantitative easing, said. Mr Evans does not have a vote on monetary policy this year. Mr Fisher said the question will be whether the oil price rise is sustained. "It is really a question of how that works its way through," he said. "We have already seen very high gasoline prices. That's one of the ways that it most affects the consumer." -- http://marketpin.blogspot.com -- ------------------------------------ ## StockForex ## _________________ ::Forum:: All about Forex and Stock Trading ; all currency pairs. All Major World Indices, Asian Stock Index. and Individual/single stock. We're not goin' anywhere Well, it's all right here. Enjoy it !! :) _________________ http://finance.groups.yahoo.com/group/StockForex Yahoo! Groups Links ------------------------------------ Kunjungi situs http://www.info-saham.com untuk informasi seputar saham. SEMUA POSTING DI MILIS INI TANGGUNG JAWAB PENGIRIM EMAIL DAN BUKAN ADMIN MILIS. SEMUA POSTING DI MILIS INI BUKAN UNTUK MENGAJAK MEMBELI ATAU MENJUAL EFEK. SETIAP KEPUTUSAN INVESTASI MENJADI TANGGUNG JAWAB PIHAK PEMILIK INVESTASI ATAU PEMILIK MODAL. [email protected] untuk berhenti dari milis saham [email protected] untuk bergabung ke milis saham Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/saham/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/saham/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
