Fed Admits Another $4 Trillion In QE Will Be Needed To Offset An “Economic Shock”
by Tyler Durden
ZeroHedge.com
Aug 22, 2016
“Large-scale asset purchases and forward guidance about the future path of the federal funds rate have almost no ability to offset a shock in current circumstances, but down the road may be able to provide enough additional accommodation to fully compensate for a more limited [ability] to cut short-term interest rates in some, but not all and maybe even not most, circumstances.”
The Rest…HERE