Probability of Easing 'Pretty High': Fed's WallerSubmitted by northstar on Sat, 10/23/2010 - 14:50
They are printing money!
The probability that the Federal Reserve will provide monetary easing at its November meeting is quite high, a top adviser for the St. Louis Federal Reserve said on Friday.
However, Fed officials worry that with purchases that could range in the neighborhood of $1.5 trillion over the next year, it would look like the central bank is printing money to pay for the U.S. budget deficit.
"That scares people," Waller said.