MOPE continues as the Chicago Fed’s Charles Evens in a speech today called for OPEN-ENDED MBS purchases.
Let that sink through for a moment. Is the Fed preparing to announce open-ended and UNLIMITED QE??
Gold and silver are still MASSIVE BUYS in this QE to INFINITY environment.
WASHINGTON (MarketWatch) — In a speech in Hong Kong, Chicago Fed President Charles Evans said the central bank should make open-ended purchases of mortgage-backed securities until the economy shows clear signs of improvement, such as a steady drop in unemployment for two or three quarters. The dovish Evans isn’t a voting member this year. “Given the risks we face, I think it is vital that we make such moves today. I don’t think we should be in a mode where we are waiting to see what the next few data releases bring. We are well past the threshold for additional action; we should take that action now,” he said.