Bernanke On The Offensive: QE Added More Than 2 Million Jobs, Pushed Up GDP By 3% |
| August 31, 2012 | August 2012 Bond Updates |
|
It has been an obsession of anyone who follows financial markets to try to figure out what is going on inside the Fed Chairman’s head. On Friday, Ben Bernanke was very explicit about what he calls unconventional monetary policy (and we call QE), breaking down exactly how it works and how effective it’s been. At the end of the day, said the bearded academic, two rounds of quantitative easing helped the economy add more than two million jobs and pushed real GDP up by almost 3%. |
| View more at: http://www.forbes.com/sites/afontevecchia/2012/08/31/bernanke-on-the-offensive-qes-added-more-than-2-million-jobs-pushed-up-gdp-by-3weve-added-more-than-2m-jobs-pushed-up-gdp-by-3/ |
| Related News |
|