Federal Reserve Blog

Finance Blogs » Federal Reserve » Podcast: Enjoy punch, beware hangover

Podcast: Enjoy punch, beware hangover

By Holden Lewis · Bankrate.com
Wednesday, September 18, 2013
Posted: 6 pm ET

Financial markets rallied on the news that the Federal Reserve will not "taper" and instead will keep buying $85 billion a month in mortgage and Treasury bonds until central bankers see more job creation.

In this conversation, Bankrate's senior financial analyst, Greg McBride, CFA, and its Washington bureau chief, Mark Hamrick, discuss the market's addiction to the Fed's quantitative easing program, likened to performance-enhancing drugs. And how long will the respite in mortgage rates last?

Bankrate Audio

Mark

Hamrick

Washington Bureau Chief, Bankrate.com

Greg

McBride

CFA, senior financial analyst, Bankrate.com

FED UPDATE: Enjoy the punch, but watch for the hangover

Is QE3 like performance-enhancing drugs or booze? And how long will the respite last in mortgage rates? Bankrate's experts discuss.

LISTEN TO AUDIO

«
»
Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.