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Politics : View from the Center and Left
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From: Katelew11/11/2010 8:55:21 AM
   of 541793
 
Folks who agree with Palin's criticism of the Fed.

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Fed Easing Seen Ineffective by 75% in Global Poll Favoring ECB
By Rich Miller - Nov 10, 2010

Nov. 11 (Bloomberg) -- Global investors doubt the Federal Reserve’s plan to buy more Treasury securities will boost the U.S. economy or bring down unemployment and say they believe the government is pursuing a weak-dollar policy, according to the latest quarterly Bloomberg Global Poll of 1,030 investors, analysts and traders who are Bloomberg Subscribers. Separately, measures by German Chancellor Angela Merkel and British Prime Minister David Cameron to cut government spending and slash debt are making them standouts among investors, according to the poll.

Global investors doubt the Federal Reserve’s plan to buy more Treasury securities will boost the U.S. economy or bring down unemployment and say they believe the government is pursuing a weak-dollar policy, a poll shows.

Three-quarters of those surveyed say the central bank’s securities purchases -- or quantitative easing -- will have little or no effect on joblessness, according to the latest quarterly Bloomberg Global Poll of 1,030 investors, analysts and traders who are Bloomberg subscribers. More than half say the Fed’s action won’t increase U.S. growth over the next year.

bloomberg.com
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