Probability of Easing 'Pretty High': Fed's Waller
Submitted by northstar on Sat, 10/23/2010 - 14:50in
They are printing money!
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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.
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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.
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http://www.cnbc.com/id/39803700
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