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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.96-1.8%Nov 14 4:00 PM EST

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To: Haim R. Branisteanu who wrote (74623)5/28/2011 1:47:33 PM
From: elmatador  Read Replies (1) of 217825
 
“QE2 has only a marginal impact on flows,” Blanchard, referring to the Fed´s program to stimulate the U.S. economy, told reporters at an IMF-sponsored event in Rio de Janeiro. “As QE2 is phased out I don’t expect it will lead to a significant change in capital flows.”

Blanchard’s remarks contradict the position of Brazilian Finance Minister Guido Mantega, who has complained that the Fed´s asset purchases are causing a flood of “hot money” to emerging markets, fueling inflation and currency gains. Mantega said April 27 that he hoped Fed Chairman Ben S. Bernanke won’t announce another round of quantitative easing.

bloomberg.com
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