Qe3 could set sail from a shipyard near you as the Federal Reserve’s Ben Bernanke scrambles to steer a listless economy toward a more robust recovery after the worst financial crisis in a generation.
According to minutes released yesterday of the late June meeting of the Federal Open Market Committee, some Fed officials have voiced support for efforts to give the economy another shot in the arm, in the form of continuing a series of monetary policy measures to stimulate sputtering markets.
The minutes provide the clearest sign that at least some Fed officials are open to a fresh round of monetary easing measures even as FOMC members agreed to moves to end a $600 billion second round of bond buying, known as QE2, last month.
Bernanke suggested during a press conference last month that a third round of quantitative easing wasn’t necessary.