Via Wall Street Journal (subscription site).
Making the case to build support. It is just a matter of time peeps. Here is an excerpt.
The Federal Reserve should consider a new round of securities purchases to spur the economy if growth and employment keep languishing and inflation recedes, former top Fed officials said in a roundtable with The Wall Street Journal.
The comments by Donald Kohn, Vincent Reinhart and Brian Madigan—who served successively as directors of the Fed's powerful monetary affairs division from 1987 through 2008—shine light on the challenging decisions Fed officials confront as they prepare for their next policy meeting Aug. 9.