unconventional tools

• Plosser Says QE3 Risks Fed Credibility

  By Jeff Kearns and Aki Ito, Bloomberg  |  September 26, 2012

  New round of bond buying not likely to boost hiring or growth, says Philadelphia Fed president.

• Fed To Buy $40 Bln in Mortgage Debt a Month

  By Joshua Zumbrun, Bloomberg  |  September 13, 2012

  Purchases to continue until jobs outlook improves ‘substantially,’ Fed says.