End The Fed - From The Steady Drip's favorite researcher

End The Fed: Chicago Federal Reserve Bank President Just Announced QE 4

Friday, November 30, 2012 11:35

http://beforeitsnews.com/fedgate/2012/11/end-the-fed-chicago-federal-reserve-bank-president-just-announced-qe-4-2432114.html

“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.