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El-Erian says in hindsight QE2 made no sense, QE3 not likely

Posted By Prieur du Plessis On April 11, 2011 @ 9:10 am In Economy,US | 2 Comments


Pimco CEO Mohamed El-Erian says the Fed initiated QE2 without vital information from Congress and the economic argument for a third round of Fed quantitative easing is weak.

Source: Thomson Reuters (via You Tube [1]), March 31, 2011.

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[1] You Tube: http://www.youtube.com/watch?feature=player_embedded&v=xFSXzuxFO5A

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