Triangle Business Today

QE2 is big news this week

Posted November 3, 2010 6:03 p.m. EDT

The big news this week is quanitative easing - or QE2 as it's better - known - the second round of Fed Capital. The Fed announced on Wednesday that they're going to start buying up to $600 billion in treasuries immediately - and that the program will last approximately eight months, with the total economic boost to stand closer to $900 billion.

About this Blog:

Jeremy Salemson, CEO of Corporate Investors Mortgage Group, blogs about economic trends and data and their impact on Triangle business. Each week, he interviews a Triangle-area business leader for a personal look at the local economy.