Page 9 - Qe 2 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The people on the left are even talking about the federal reserve. why is that? progressives today refer to bankers as greedy fat cats. we heard it over and over again. >> we didn't want a fat cat bill. >> this orgy of focusing on the superwealthy and wall street without regulation. the very people who drove us into this ditch. >> i did not run for office to be helping out a bunch of, you know, fat cat bankers on wall street. >> i have to tell you, mr. president, no one elected you to do that. no one. i'm not for that either. nobody. i don't know a sole that says we have to give that money. bu...

Stocks looking good. the dow up about 6%. best first quarter in 13 years even as oil keeps gushing higher and unrest around the world rach cheting higher. what to make of it? we are on top of it with chris conor of schwab and bill at the chicago mercantile exchange. we begin with chris. what is going on, chris? >> i will give you two letters and a number. qe 2 and i'm not talking about a ship. i'm talking about the federal reserve policy of pumping massive liquidity into the economy. what this is doing is keeping interest rates low, keeping the value of the dollar low which is great for our ex...

That is too far down the road. right now they are worried about making money in the stock market. and they are able to do that until the fed stops the program of pumping the liquidity in and there is no end in sight. fed governors said maybe it is starting to cause inflation. look at the prices of gas and the food and clothes that we buy. they are not talking about when or how they will wind down the qe 2. until we there are the stock market will go higher. you have companies making a lot of money. part of that is because the dollar is such a low amount that the companies overseas are making m...

Sheets which also helps. and then this thing. there aren't a whole lot of alternatives out there. what are you going to put your money in the money market and earn 5 0.79%? no. invest in real estate? no. all the money on the sideline they are looking at the landscape and saying stocks, well, that is my best option. >> neil: thank you have very much, chris. the qe 2, quantitative ease. the federal deserve buying up treasury notes and bonds to support the market and the economy and keep the flow, a lot of folks say artificially. all that has been good news for wall street. not necessarily for ma...

Now. we're on the topic of spending. that's the theme so far. >> and very rare for a fed chief to talk to the public like this on "60 minutes." he did once before, but this is probably the most important economist in the world and he's explaining why it's appropriate for the fed to be doing what's been called qe-2. injecting liquidity into the economy, lowering interest rates, buying up securities to lower interest rates to try to spur more hiring. he says that federal reserve $600 billion plan is to weaker the dollar, lower interest rates and should increase bank lending. he says the critics ...