Faber: Fed could up QE to $1 trillion a month

October 21, 2013 Comments

Matthew J. Belvedere
CNBC
October 21, 2013

Federal Reserve headquarters in Washington, DC

Marc Faber, publisher of The Gloom, Boom & Doom Report, told CNBC on Monday that investors are asking the wrong question about when the Federal Reserve will taper its massive bond-buying program. They should be asking when the central bank will be increasing it, he argued.

“The question is not tapering. The question is at what point will they increase the asset purchases to say $150 [billion] , $200 [billion], a trillion dollars a month,” Faber said in a ” Squawk Box ” interview.

The Fed-which is currently buying $85 billion worth of bonds every month-will hold its October meeting next week to deliberate the future of its asset purchases known as quantitative easing .

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Faber: Fed could up QE to $1 trillion a month

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