“The Federal Reserve could expand its stimulus package to include assets other than mortgage-backed securities if the U.S. economy fails to respond to its latest effort to jump-start the economy. ‘Unlike our past asset-purchase programs, this one doesn’t have a preset expiration date,’ said San Francisco Fed President John Williams at a speech at the City Club on Monday. ‘Instead, it is explicitly linked to what happens with the economy.  We might even expand our purchases to include other assets,’ he said.”

http://finance.yahoo.com/news/fed-williams-qe3-asset-purchases-223514697.html

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