In the wake of recent market volatility and the Federal Reserve’s Open Market Committee meeting on April 24-25, calls for another round of Fed easing, ”QE3,” have again been stoked. It is worth sorting out the pros and cons of such a move for both the U.S. economy and financial markets. What is Chairman Bernanke So Concerned About? As the Federal Reserve staff prepares for this week’s meetings of the Open Market Committee, it is worth taking stock of the current situation from Fed Chairman Ben Bernanke’s perspective, now three years into economic recovery. Whether or not the prediction of some that 2012 will result ... (full story)