Wednesday, December 12, 2012

Get it right

"The bond market shows that, two years after the Fed’s second round of asset purchases sparked criticism from Republicans predicting a surge in prices, there’s no incipient anxiety of such risk. That confidence in Bernanke’s ability to keep inflation in check bolsters policy makers’ case for expanding their third round of so-called quantitative easing at the two-day meeting that began yesterday.

“The market seems to be convinced the Fed is going to get it just right,” said Dean Maki, chief U.S. economist at Barclays Plc in New York. It’s “not providing a lot of resistance to the Fed’s easing.”

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