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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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To: TobagoJack who wrote (71213)	2/23/2011 11:58:06 AM
From: elmatador	1 Recommendation Read Replies (1) of 217591

Fed’s Evans Hints at QE3 goldalert.com Charles Evans, President of the Federal Reserve Bank of Chicago, stressed the need for continued dovish monetary policies in an interview with the Financial Times. While Evans did not specifically refer to a third round of quantitative easing (QE3), he hinted at such a move by saying that “The message that comes out of what I think of as high-quality research on this subject is that policy ought to remain accommodative for really quite a while, even a while after conditions start to improve.” Evans went on to say that “While I’m very pleased at the improvements in the economy I think it’s going to continue to be a while before we’re safely past these conditions…The real question is: what is the likelihood of an outsized, extended increase in consumer spending? They continue to be less likely than you would hope for during a strong, vibrant, robust recovery.” These comments echo those of Fed Chairman Ben Bernanke, who has reiterated his dovish outlook in recent months despite improving economic data. Moreover, Evans’ words should be music to the ears of gold bulls.

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