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Author: mauser96 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 463580  
Subject: Re: Will QE3 Generate Jobs? Date: 10/4/2012 3:17 PM
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more on the Fed
http://finance.yahoo.com/news/divided-fed-considers-numerica...

There was clear support for an approach favored by Chicago Federal Reserve Bank President Charles Evans, who has advocated allowing inflation to rise as high as 3 percent for as long as it takes to get the jobless rate below 7 percent.
and if 3% inflation doesn't work, they will try 4% , then 5%, then...

Is the Fed is like somebody trying to thread a nut on a bolt using a hammer, because that's the only tool they know about ?
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