Bernanke: Fed May Launch New Round of Stimulus
No one saw it coming!
Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing.
"They’ll continue to print money. Maybe they’ll call it QE3, or Cupcakes, or something else." -- Jim Rogers, May 2011.