To QE3 or not to QE3?

To QE3 or not to QE3? That is the question... $$ 

Some of the talk this afternoon in the news is that the Fed must inject some more stimulus into the system. One of the Fed's missions is to ensure full employment, and with the numbers today it looks like the economy is sliding backwards.

So when will the Fed act?

One would think that they would act before the Presidential election.  That would have to be pretty soon, right?

But here comes Fisher.  Yeah.  I don't think he even has a vote right now, does he? Anyway, he says more stimulus would be a mistake.

Quick! Somebody text Paul Krugman!  PK has been saying the exact opposite ever since Obama was sworn in.

The reality is that folks will be looking towards the Fed now to see what they do and say.  Ben Bernanke has hinted that the Fed stands at the ready to intervene as needed. 

Is it needed?

Oh, the other mission of the Fed is to ensure low inflation.  

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Fed's Fisher: No need for QE3
CNN MONEY | JUNE 1, 2012
http://pulse.me/s/9RqKi
The market may want more bond buying by the Fed, but Dallas Fed president (and long-time inflation hawk) Richard Fisher said that would be a mistake... Read more

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