Kocherlakota: Small impact from more bond buys (zz)# Stock
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WASHINGTON (MarketWatch) -- A new round of Federal Reserve purchases of
bonds would have little impact on markets or the economy, Minneapolis Fed
President Narayana Kocherlakota said in a speech on Wednesday. Speaking in
London, Kocherlakota on Wednesday outlined several reasons why buying
government bonds wouldn't make a major impact. For one, banks already have
nearly $1 trillion in excess reserves. "QE gives them new licenses to create
money, but I do not see why they would suddenly start to
bonds would have little impact on markets or the economy, Minneapolis Fed
President Narayana Kocherlakota said in a speech on Wednesday. Speaking in
London, Kocherlakota on Wednesday outlined several reasons why buying
government bonds wouldn't make a major impact. For one, banks already have
nearly $1 trillion in excess reserves. "QE gives them new licenses to create
money, but I do not see why they would suddenly start to