Between a stalled recovery in the United States, a major debt crisis in Europe, fallout from the earthquake in Japan, a recent fuel price spike, and gridlock in Washington where legislators have reached consensus in favor of austerity measures, speculation had climbed over the last several days that the Federal Reserve would intervene by buying up a significant amount of assets, injecting money into the economy — a new round of so-called “Quantitative Easing”.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=108561