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Jones: Bernanke Paving Way for QE3
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Former Fed Economist David Jones argues the Fed Chairman will begin another round of quantitative easing by the end of 2012.
- Duration 1:23
- Date Aug 31, 2012
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Former Fed Economist David Jones argues the Fed Chairman will begin another round of quantitative easing by the end of 2012.
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Let's get back to the Fed chairman's remarks joining us by phone David Jones David is a former fed economist -- -- the Chief Executive Officer DNJ advises right David real fast.
If you looked at the remarks from Ben Bernanke are you also saying that -- not gonna print in the immediate future.
Get agreed spirit -- paving -- -- for QE3.
They're gonna be a close call is that September meeting.
But before the end this year we're getting QE3 Bernanke is deeply worried about the labor market.
Deeply worried about how -- this recovery is going.
We will see you -- So why has the stock market lost gone from all 972.
Up 27.
It's an expectations.
Game -- the market was expecting Bernanke.
Incorrectly in my view -- saying I'm ready to eat.
He never says it that way edited -- close call at the September.
Policy meeting with god talk thing no doubt Spain yeah.
Bernanke made the call -- but he will print more money before the end of this year.
All right you -- it right now from David Jones this Friday August 31.
10 at 11 eastern time David thank you very much indeed all -- it -- very important that anybody who follows the markets and the interpretation of what Ben Bernanke had to say.