Tuesday, April 26, 2011

Bernanke’s First Press Conference: Whither QE II?

Fed Chairman Ben Bernanke will hold his first press conference following Wednesday’s Fed meeting.  His press conference is the first in a series of four annual press conferences the Fed will hold to provide greater transparency in its decisions.

What will Bernanke say?

Will QE II (the Fed’s second round of quantitative easing totaling $600 billion, due to end June 30, 2011) end early, on schedule, or be extended?

Is there a QE III in Ben’s future?

Given the excitement over Will and Kate’s royal wedding), does Bernanke control the British throne?  If QE II ends as planned on June 30, and there is little to no chance of a QE III, is this a sign that Queen Elizabeth II should give way to her first-born son, Charles III?

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