The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.

Cotización de las Principales divisas en tiempo real

Cotización de las Principales divisas en tiempo real
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Agenda Macro

Calendario económico en tiempo real proporcionado por Investing.com España.

domingo, 9 de septiembre de 2012

Fed's Plosser says more QE would be too risky

WASHINGTON (MarketWatch)
The Federal Reserve should not embark on another large round of asset purchases to try to lower the unemployment rate, because the benefits seem small and the costs are potentially risky, said Charles Plosser, the president of the Philadelphia Federal Reserve Bank, on Thursday
"I don't see any point in growing [the balance sheet] any further," he remarked in an interview on CNBC at the start of the Fed's annual policy retreat in Jackson Hole, Wyo. Plosser, a leading hawk on the Fed, is not a voting member of the central bank's interest-rate setting committee this year
He also said the Fed is trying to force interest rates lower even though consumers and businesses don't want to borrow money
Plosser added he remains concerned that the $1.5 trillion in excess reserves sitting in the banking system as a result of earlier rounds of Fed asset purchases will ultimately create higher inflation when they begin to flow out as loans                   

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