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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
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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.