Weekly Wrap: Jobs, the Fed and robo-signing

Marketplace Staff Sep 2, 2011
HTML EMBED:
COPY

Weekly Wrap: Jobs, the Fed and robo-signing

Marketplace Staff Sep 2, 2011
HTML EMBED:
COPY

Kai Ryssdal talks with John Carney from CNBC and Felix Salmon from Reuters about whether the Federal Reserve will step in after today’s disappointing jobs numbers, what to expect from President Obama’s speech next week and the news of a lawsuit coming to the banks over faulty mortgages.

On if the Fed will begin buying bonds again:

John Carney: I think we’re definitely going to get quantitative easing. We’re not sure exactly what form it will take, but it is going to probably involve them buying much longer-dated bonds than they have been; normally, the Fed comes in and it’s been buying much more short-term debt. They’re probably going to want to squeeze people out on the risk curve a little bit by buying longer-dated [bonds].

On what he’d like to hear from President Obama’s upcoming speech on jobs:

Felix Salmon: I would love to see a massive big stimulus…Any kind of big government spending program offset by long-terms cuts in spending growth over the next five to 10 years. That would be fantastic. But there’s no political ability to do that.

For more analysis, click on “Listen to this story” at the top of the page.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.

Raise a glass to Marketplace!

Just $7/month gets you a limited edition KaiPA pint glass. Plus bragging rights that you support independent journalism.
Donate today to get yours!