For those who don’t know, Steve Beckner has been covering the Fed for 25 years, he’s good. Read his preview of the April 25 FOMC decision (in two parts here and here).
Beckner says Bernanke is likely to leave the door open to QE3 in more subtle ways.
An actual QE3 would probably only be launched if there is a combination of continued disappointing job gains and evidence that the recent bulge in consumer prices is indeed transitory.
