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

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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), March 31, 2011.

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

  • GreenMan

    Your title should have said “In hindsight QE2 made no sense, taking into account fiscal stimulus”

    Thanks for sharing though

  • Frank W

    Consider the fact that fiscal policy is currently contractionary and Ben is not for raising Fed Funds rates. What implications, if any, does this have for QE. Also, the Fed has said that it doesn’t consider that QE is bound by dates.

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