Bullard, Plosser, And Dudley Seem To Be Talking Down The Prospects For More QE

Posted by on Feb 24, 2012 in Uncategorized | No Comments

Not that Bullard and Plosser are currently voting members, but it is interesting to see if the Fed is toning it down a bit.  I believe that the closer we get to election time, the more difficult it will be for them to implement a new program without significant deterioration in the data.  For a market where virtually every up day is based on some government policy action or the anticipation of some government policy action, this would be a big deal.  The anticipation of some new money for the IMF over the weekend has been helping the market today and the excitement over LTRO2 remains high.