The Cleveland Fed President Sandra Pianalto, who is a voting member of the Fed, gave a speech today to a group of business leaders in Newark, Ohio. Pianalto is often viewed as being one of the more dovish members of the Fed’s board. Therefore, support of a Large Scale Asset Purchase (LSAP) like QE3 would be expected from her
Read more at http://www.calculatedriskblog.com/2012/08/feds-pianalto-discusses-benefits-and.html#rs7jmi6Z1EyWaj1d.99
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