Tag Archives: Round 3 for QE

The Federal Reserve has made its most aggressive move ever! On Sept. 13, the Fed announced a third round of bond buying, called Qualitative Easing, or QE, increasing its purchase of mortgage bonds to $40 billion per month from the average of $15 billion per month that they were previously buying. They also announced that this is an open-ended program with no end date, and that their short-term rates would remain low until 2015. In the past, the Fed has always put an amount that they would buy monthly, and also when they would stop. The Fed’s official statement noted …