Case for QE3 mounts as US economy weakens

federal reserve

Two regional Federal Reserve presidents on Wednesday discussed the merits of introducing a third round of quantitative easing to help boost the ailing US economy.

Since undertaking the QE2 round of asset purchases last autumn, the Fed's aggressive policy actions have been on hold.

In a speech delivered at the European Economics and Financial Centre in London, Charles Evans, the president of Chicago Federal Reserve, made a case for a policy response from the Federal Reserve. Evans said that while

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