Detailed text transcripts for TV channel - FOXNEWS - 20120711:15:30:00
Policymakers. so pat, what does it look like if the federal reserve does more? does that mean 0%30-year mortgages? what does that look like? >> i don't think we get there. i think the federal reserve is purchase out of bullets. qe3 will be a nonevent. like a soldier runing into battle with a bayonet instead of all his ammunition. the fed on monetary policy i think is basically done. that doesn't mean we have other policy tools. fiscal policy matters and tax related policies lake what we've done in the department of labor and the epa holding up of pipelines. destroying of jobs. all of those thi...
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