9月FOMC会议的菜单

Whigs

The FOMC has a menu of three options at its two-day meeting beginning on September 20, according to the latest FedWire release.

These are:

1) Maturity extension of the Fed’s vast portfolio of government bonds — or Operation Twist II.

2) Reduce or eliminate the 0.25 per cent interest rate the Fed pays excess reserve (the IOER) policy.


3) Use their words to make their economic objectives and plans for interest rates more clear. Some officials felt the Fed’s August pledge to keep rates low until 2013 wasn’t specific enough about what was driving its thinking. They want the Fed to say what unemployment rate or inflation rate would trigger it to boost rates.

个人觉得，第二项的作用有“驱虎入林“的潜在可能 - 如果银行将1.5 Trillion的Excess Reserve投入到风险项目，QE1 和 QE2创造出的流动性可能就要泛滥成灾了。

熊熊对此应明察秋毫，及时应变。。。

ppteam

Another bubble is coming

hunting

mengtt

ysc

【联合晚报╱纽约记者傅依杰/7日报导】 2011.09.08  
  
华尔街日报网站报导，联准会目前正在考虑采取那些措施挽救低迷的美国经济。联准会视第三波量化宽松（QE3）为「选项」之一，但目前内部支持并不热衷。

联准会现在考虑另外三项非传统措施，以刺激经济成长，并可能在9 月20日、21日联准会召开下次利率会议时，至少推出其中一项。

这三项措施为:

1.转换短期国债为长期国债，藉此压低长期利率，即所谓「扭转操作」（Operation Twist）；这是华尔街认为联准会最可能推出的措施。

2.降低商业银行在联准银行的超额准备金利率（目前为0.25%），以促银行向外贷款。

3.将通膨或失业率设目标区，与联邦资金利率挂钩。

【2011/09/08 联合晚报】

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