As if Sandy hadn't done enough damage; Fed may print even MORE money...Submitted by Bob-45 on Thu, 11/01/2012 - 01:09
How Will the Fed React to Sandy?
Published: Wednesday, 31 Oct 2012 | 2:40 PM ET
By: John Carney
Senior Editor, CNBC.com
There’s already talk on Wall Street about the possibility of the Federal Reserve providing further monetary accommodation in response to the damage wrought by Sandy.
With the Fed Funds target rate at zero, this could mean larger quantitative easing asset purchases or a focus on buying different financial assets by the Fed.
One trader even described what he thinks the Fed will do as “QE Sandy.”
read more http://www.cnbc.com/id/49625920