DislikedI know Evans and Yellen are still meddling about more QE, and I dont listen to these two that much. But isnt it more likely now? Evans is meddling about it again. Article below.
http://www.reuters.com/article/2011/...7B41LC20111205
But can they do it? They recently lowered swap rates and are running out of bullets. QE may be the last bullet and I still think they are saving this one for presidential campaign, not for Europe. Now SaP threatened with downgrade. Every party is on the move before upcoming summit....Ignored
1. I dont think the primary concern of the Fed or the ECB is a strong Euro. It is confidence in the financial markets, particularly the bond and the equity markets. The Euro is just a risk on tag along.
2. One of the most powerful tools the CBs have is the ability to talk to the markets. They know it and they use it. Right now the equity markets are undecided-- new lows or new highs. What is more the Dow is under a key resistance. CBs will do what they can to make sure this breakout happens.