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67,67
It goes with the stories that FED might open the door to QE3 with a number of ways to act. It can be seen from the path of the employment-population graph that the employment ratio slumped about 5% when QE1 and QE2 were taken, although QE2 turned the downtrend of inflation and improved economic growth. In the current situation, the inflation rate is above the acceptable level, rising rents push forward the price index and the labor markets are extraordinarily weak without significant pressure on wages. In view of the dual mandate of the FED, QE3 might cause inflation while ignoring the stress of unemployment rate. Maybe it makes much sense that the FED just wait and see right now without taking QE3.
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