`Potential for Disappointment' in QE3, Sargen Says

`Potential for Disappointment' in QE3, Sargen Says Play

Sept. 14 (Bloomberg) -- Nick Sargen, chief investment officer at Fort Washington Investment Advisors in Cincinnati and a former San Francisco Federal Reserve economist, talks about central bank monetary policy and its implications for the U.S. economy and stock market. The Fed said it will expand its holdings of long-term securities with open-ended purchases of $40 billion of mortgage debt a month in a third round of quantitative easing as it seeks to boost growth and reduce unemployment. Sargen also discusses Europe's sovereign debt crisis with Zeb Eckert on Bloomberg Television's "First Up." (Source: Bloomberg)

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