“The U.S. economy should emerge from the doldrums next year if the Federal Reserve sticks to its super-easy monetary policies, a top Fed official said on Thursday, even as he warned that cutting back too early would be a ‘big mistake.’  The Fed is buying $45 billion in Treasuries and $40 billion in mortgage bonds per month, its third round of ‘quantitative easing,’ and has said it will continue the purchases until it sees substantial improvement in the labor market outlook.  ‘I don’t think we are anywhere near the end of the program,’ Chicago Federal Reserve Bank President Charles Evans told reporters after speaking to the CFA Society of Iowa here.”

http://www.moneynews.com/FinanceNews/Fed-Economy-escape-Velocity-easing/2013/03/01/id/492608?s=al&promo_code=12A08-1

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