Pimco's Crescenzi Expects Fed to Start Open-Ended Easing With $500 Billion
The Federal Reserve will likely begin a program of bond buying with about $500 billion in purchases and leave it open-ended for “some chance of doing more,” according to Pacific Investment Management Co.’s Tony Crescenzi.
Asset prices have been bolstered by the expectation of so- called quantitative easing and also prospects for the Republican Party to gain control of the House of Representatives, he said in an interview with Bloomberg Television.
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