Quantitative Easing Policy News Today

MacroBusiness Access Subscriber Only Content Via Bill Evans at Westpac: Markets are closely scrutinising the next moves from the RBA. It is important to recall that the key lesson of recent years for central banks and the likely current thinking of the RBA as expressed last year by the Deputy Governor is that it is better to err on the side of providing too much stimulus – even more so when exiting a damaging recession which has left the unemployment rate at unacceptable levels (albeit not as...

On outgoing fed chair bern earn about on his final press conference. including a pull back on the feds massive stimulus program and a possible change in key interest rates. a report suggest that is the housing levels are highest in six years. doug mckelway is in washington. so, doug, what do the housing numbers mean for fed policy here? >> reporter: jon, they mean a couple of things. first theyre encouraging sign in the momentum in the housing market. albeit slow continues. housing starts jumped...

Conduct of policy. so the federal reserve, for example, really is going to have some difficulty making a decision about what to do about his quantitative easing policy, the bond-buying program, because of the lack of data and perhaps more importantly going forward the quality of the data over the next couple, three months is going to be suspect just because of all the delays and other things that went on during the shutdown. >> i want to pick up on that last point, mark, because according to wha...

Operation twist. this program basically swaps $267 billion in u.s. treasury securities, so basically the fed will sell the short end and buy the long end, trying to bring down long-term rates. its had this program in place several months now, due to expire at the end of the month, but the fed will keep that in place, almost essentially keeping the status quo. but in expected slightly more than that from the fed. a full blown quantitative easing policy, for instance, which would have been an outr...