Fed to buy Treasurys in latest bid to restore growth - MarketWatch

FRB: Press Release--FOMC statement--March 18, 2009

Release Date: March 18, 2009
For immediate release

Information received since the Federal Open Market Committee met in January indicates that the economy continues to contract. Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories and fixed investment. U.S. exports have slumped as a number of major trading partners have also fallen into recession. Although the near-term economic outlook is weak, the Committee anticipates that policy actions to stabilize financial markets and institutions, together with fiscal and monetary stimulus, will contribute to a gradual resumption of sustainable economic growth.

In light of increasing economic slack here and abroad, the Committee expects that inflation will remain subdued. Moreover, the Committee sees some risk that inflation could persist for a time below rates that best foster economic growth and price stability in the longer term.

In these circumstances, the Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability. The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and anticipates that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period. To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the Federal Reserve’s balance sheet further by purchasing up to an additional $750 billion of agency mortgage-backed securities, bringing its total purchases of these securities to up to $1.25 trillion this year, and to increase its purchases of agency debt this year by up to $100 billion to a total of up to $200 billion. Moreover, to help improve conditions in private credit markets, the Committee decided to purchase up to $300 billion of longer-term Treasury securities over the next six months. The Federal Reserve has launched the Term Asset-Backed Securities Loan Facility to facilitate the extension of credit to households and small businesses and anticipates that the range of eligible collateral for this facility is likely to be expanded to include other financial assets. The Committee will continue to carefully monitor the size and composition of the Federal Reserve's balance sheet in light of evolving financial and economic developments

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans; Donald L. Kohn; Jeffrey M. Lacker; Dennis P. Lockhart; Daniel K. Tarullo; Kevin M. Warsh; and Janet L. Yellen.

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Grifos de pasta abiertos y a máxima presión. Helicopter Ben ha despegado para inundarnos con una deliciosa lluvia verde.

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Esta claro, LOS CHINOS ABANDONAN DEFINITIVAMENTE A AMERICA. LOS CHINOS NO COMPRAN DEUDA AMERICANA. Eso fue lo que les dijeron a Hilary en su último viaje a China.

El dolar ha pasado de 1.30 a 1.33 en unas pocas horas

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Resumen:

- Comprar 750.000 millones $ en hipotecas (Total: 1,25 billones $)
- Comprar 100.000M $ de deuda (Total: 200.000M $)
- Comprar 300.000M $ al Tesoro Americano.

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Reaccion Inmediata los bonos a 10 años BAJAN UN 15% SU RENTABILIDAD.

EEUU: la Reserva Federal comprará bonos a largo plazo por 300.000 millones

La Reserva Federal de EEUU ha comunicado tras su reunión de dos días que comprará bonos del Tesoro a largo plazo por un importe de 300.000 millones de dólares para inyectarle liquidez extra al sistema.

La institución, que mantiene sus tipos de interés en una horquilla de entre el 0 y el 0,25%, señala que la información recibida desde su reunión de enero indica que la economía se sigue contrayendo.

EEUU: la Reserva Federal comprará bonos a largo plazo por 300.000 millones - 1108448 - 18/03/09 - elEconomista.es

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Madre mía como estará el tema para llegar a esto ya mismo, esta claro que en unas décadas habrá que decir aquello de.. YO ESTUVE AQUÍ.

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Dolar a 1.34, el oro ha pasado en minutos de 890 a 927.

Ya veo la sombra de Mel Gibson acercándose.

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