Former Fed economist David Jones, in an interview on Fox Business, has asserted that he strongly believes Bernanke is paving the way for QE3, this despite how others have interpreted Ben Bernanke’s recent remarks in Jackson Hole.
To Jones, it will be a close call for whether easing is implemented at the Fed’s September meeting, but he is certain Bernanke will “print more money before the end of this year.”
Jones: “Bernanke is deeply worried about the labor market, deeply worried about how slow this recovery is going… we will see QE3.”
View the interview:
Should Bernanke choose not to initiate this next round of Quantitative Easing in September? Consensus among many experts is that the printing of more money will happen only a few months later, in either December or January.