Saturday, March 23, 2013

Marc Faber: The FED to extend QE3

ET Now: What are you expecting from the FOMC meet? Will it be more like a no-event or they are likely to acknowledge the better data flow and hence hey will start making a base for pulling out the QE3 plug?

Marc Faber: I do not expect any plan to exit anything at the Federal Reserve. I rather think that they might plan to extend QE3 for further time because one of the goals was to essentially reduce the asset purchases when unemployment drops to 6.5%. That may be far away. - in a recent interview with ET Now


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