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This is the Podcast from September 19, 2012. In this podcast, Brendan questions Tom Mullooly about Quantitative Easing, QE3 and the role of the Federal Reserve in today’s marketplace. The Federal Reserve announced massive action (a “game-changer” as Tom mentions) last week. The easing program will be open-ended, or as some market commentators dubbed it, “Quantitative Infinity.” The reason for this open-ended quantitative easing program will be to get the unemployment rate below seven percent (7%). The Federal Reserve is now using its’ quantitative easing program to NOT control prices (inflation) but to spur employment. Will this third round of quantitative easing work?
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