With huge resource gaps, slow growth and low inflation, the economic circumstances warrant extremely strong accommodation,” Evans said in remarks prepared for delivery to the Money Marketeers of New York University.
“The damage intensifies the longer that unemployment remains high. Failure to act aggressively now will lower the capacity of the economy for many years to come.”
“With inflation near target, relatively moderate economic growth expected for several more years, potential productive capacity at risk, and a symmetric 2 percent inflation target, we should resist the sirens’ call to prematurely raise rates or tighten our policy in any way,” Evans said.
“Instead, we should be providing more accommodation, in particular by better articulating the economic conditions under which our policy moves will be linked to the achievement of our mandated economic goals.”
8 Responses to FLASH: FED’S EVANS CALLS FOR QE 3
Nice to see, but the important question is whether or not he can convince the hawks.
He will cut their dicks off
As one who is somewhat long, I sincerely hope that he does. Sliced, diced, and rolled in the finest Colombian QE3 that our computers can print.
I’ll smash those old fuckers myself.
QE good for you, good for me
Release the clam, and we go ham.
Don’t you think if they were going to ease anytime soon, they would simply ease without making headlines?
Seems like bell ringing to buy more time.
That’s not how they roll.
I will not try to convince you of anything. But why do you think they will not do it?lol
Don’t you know Ben’s track record?
The CBs will have no ‘solvent’ clients if they don’t QE soon.