Cleveland Fed's Pianalto defends QE2 saying that she is encouraged that QE2 was able to make CPI inflation closer to 2% target

Cleveland Fed President Sandra Pianalto speaking at Case Western Reserve University stated that she expects core inflation to be quite subdued through 2013 with further disinflation a risk to the outlook. She indicated that there were enough signs of negative growth and disinflation risks to merit QE2. Via ABC:
"I voted to support additional asset purchases, and I am encouraged by the results so far," she said.

"For example, inflation expectations have moved closer to my long-term inflation objective just in anticipation of our announcement, and they have stayed that way."

Comments

Popular posts from this blog

October retail sales come in strong, especially auto sales

Tea Party Buffalo Pictures

How to spot a fake Tea Partier