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US Fed hinting at QE3

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US Fed hinting at QE3

US Fed chief Ben Bernanke has said that the Fed would take further measures to boost the economy.

The measures may include pumping more money into the economy, a measure known as the Quantitative Easing (QE).

The US central bank has tried to support the economy by quantitative easing-buying in USD 2.3tn in bonds in two rounds (QE1, QE2)- the central bank buys bonds to keep the long-term cost of borrowing down.

The last round of asset purchases ended last year. Many analysts believe that the third round is on its way.


Tags assigned to this article:
Ben BernankeQuantitative Easing

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