Wednesday, February 2, 2011

Until the Music Stops - Awaiting Reality to Kick In.

Fed's Hoenig says QE3 "may get discussed"

Reuters - The Federal Reserve could debate extending its bond-buying program beyond June if U.S. economic data prove weaker than policymakers expect, Kansas City Fed President Thomas Hoenig said.
Another round of bond buying "may get discussed" if the numbers look "disappointing," Hoenig told Market News International in an interview published on Tuesday. 

Update: Hoenig know what is happening and covering his ass. Bloomberg - Hoenig says US should break up TBTF banks

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