End The Fed: Chicago Federal
Reserve Bank President Just Announced QE 4
Friday, November 30, 2012 11:35
“Goldman Sachs expects,
next month, for the Fed to come out of their policy meeting announcing
QE4. It will be a purchase of $45 billion each month in Treasuries.
This number will be in addition to the already existing QE3, which is $40
billion per month in mortgage-backed security debt.
But in a sense, Eric, QE4 is going
to be a replacement for Operation Twist. Operation Twist was designed to
push down the long end of the curve in order to keep interest rates
artificially low….
Chicago Federal Reserve Bank President Charles Evans, who rotates into a voting
seat on the Fed’s policy-setting panel in January, also said the Fed should
step up its program of quantitative easing in the new year to keep its overall
level of asset purchases at $85 billion a month for most, if not all, of 2013.
“It’s important to maintain
the overall level of asset purchases at $85 billion, at least for a time until
we can see whether or not we are doing better or things are going more slowly,
and we can adjust, depending on that assessment,” Evans told reporters
attending a speech at the C.D. Howe Institute in Toronto.
Charles Evans
Charles L. Evans
is the president & CEO for the Federal Reserve Bank of Chicago, a
member of the Commercial Club of Chicago, and a director at the Chicago
Council on Global Affairs.
Note: Carl T. Camden is
a director, Detroit
branch for the Federal Reserve Bank of Chicago, and a trustee at the Committee
for Economic Development.
Jeffrey A. Joerres
is a director at the Federal Reserve Bank of Chicago, and a trustee at
the Committee for Economic Development.
Foundation
to Promote Open Society was a funder for the Committee for Economic
Development, and the Brookings Institution (think tank).
George
Soros is the chairman for the Foundation to Promote Open Society.
Cyrus F.
Freidheim Jr. is an honorary trustee at the Brookings Institution (think
tank), a member of the Commercial Club of Chicago, and an honorary
life director at the Chicago Council on Global Affairs.
William
M. Daley was a director at the Chicago Council on Global Affairs,
the chief of staff for the Barack Obama administration, and is a member
of the Commercial Club of Chicago.
Valerie B. Jarrett
is the senior adviser for the Barack Obama administration, a member of
the Commercial Club of Chicago, her great uncle is Vernon
E. Jordan Jr., a friend of Michelle
Obama, and was a board member for the Federal Reserve Bank of Chicago.
Vernon E. Jordan Jr. is Valerie B.
Jarrett’s great uncle, an honorary trustee at the Brookings Institution
(think tank), a director at the American Friends of Bilderberg
(think tank), and a 2008 Bilderberg conference participant (think tank).
Michelle
Obama is a friend of Valerie B. Jarrett, and a director at the Chicago
Council on Global Affairs.
Charles L. Evans
is a director at the Chicago Council on Global Affairs, a member of the Commercial
Club of Chicago, and the president & CEO for the Federal Reserve
Bank of Chicago.
Frederick H.
Waddell is a director at the Chicago Council on Global Affairs, a
member of the Commercial Club of Chicago, and a director at the Federal
Reserve Bank of Chicago.
John
H. Bryan is an honorary life director at the Chicago Council on Global
Affairs, a member of the Commercial Club of Chicago, and was a
director at the Goldman Sachs Group Inc. (Bailout Company).
James A. Johnson is a director at the Goldman
Sachs Group Inc. (Bailout Company), a trustee at the Committee for
Economic Development, an honorary trustee at the Brookings Institution
(think tank), a member of the American Friends of Bilderberg (think
tank) and a 2008 Bilderberg conference participant (think tank).
Carl
T. Camden is a director, Detroit
branch for the Federal Reserve Bank of Chicago, and a trustee at the Committee
for Economic Development.
Jeffrey A. Joerres
is a director at the Federal Reserve Bank of Chicago, and a trustee at
the Committee for Economic Development.
Foundation
to Promote Open Society was a funder for the Committee for Economic
Development, and the Brookings Institution (think tank).
George
Soros is the chairman for the Foundation to Promote Open Society.
Cyrus F.
Freidheim Jr. is an honorary trustee at the Brookings Institution (think
tank), a member of the Commercial Club of Chicago, and an honorary
life director at the Chicago Council on Global Affairs.
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