Yellen letter #2: ‘Strong majority’ of FOMC believes QE has been effective

Author: Adam Button | Category: Central Banks

Yellen comments from a letter dated to Senator Vitter, dated Nov 18:

  • QE purchases are not on a pre-set course
  • FOMC deems that benefits of QE outweighing costs
  • QE helped guard against deflationary pressures
  • Fed aware of potential risks of bond buying
  • Fed monitoring financial markets very carefully

Par for the course.