Quantitative Easing 3.0 On Its Way

Here it comes, folks.

Hide yo kids, hide yo wife. Heli-Ben is firing up da choppa.

[link to www.forbes.com]

The FOMC minutes for the two-day November meeting suggest that under current economic circumstances the Federal Reserve will have to engage in a third round of quantitative easing...

...In other words, those who favored further monetary stimulus in the last meeting accepted that QE should be unveiled in the context of a “communications initiative,” which means making sure that market expectations are aligned with the Fed’s.

It also becomes clear that those who were against further policy accommodation, Plosser, Kocherlakota, and Fisher, have accepted the FOMC’s, and therefore Bernanke’s decision and won’t oppose it.