August 05, 2011 at 13:43 PM EDT
Fratto: QE3-peat?
The Federal Reserve's Federal Open Market Committee meets next week to consider monetary policy in light of economic developments since its previous meeting in June. Given the steady stream of weak economic data, it can be expected that the FOMC will at least discuss a further round of quantitative easing - potentially a "QE3" to follow up last fall's move to QE2.
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