Fed should have adopted BoE's QE strategy, says Blanchflower

fomc

David Blanchflower, a former external member on the Bank of England's Monetary Policy Committee, has said the Fed should have increased the size of its asset purchase programme, in addition to twisting the yield curve, at its last monetary policy meeting.

On September 22, the Federal Open Market Committee's (FOMC) announced it would purchase $400 billion of Treasury securities with remaining maturities of six to 30 years, by the end of June 2012, and sell an equal amount of Treasury securities

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