"Conversation Inside the Fed…"

The WSJ’s John Hilsenrath leaketh the good stuff (QE3 hints) that the world’s been waiting for right at the close – coincidentally just as several important support lines and moving averages were beginning to be violated like James Holmes in a Colorado prison…

Federal Reserve officials, impatient with the economy’s sluggish growth and high unemployment, are moving closer to taking new steps to spur activity and hiring.

Since their June policy meeting, officials have made clear—in interviews, speeches and testimony to Congress—that they find the current state of the economy unacceptable. Many officials appear increasingly inclined to move unless they see evidence soon that activity is picking up on its own.

Amid the recent wave of disappointing economic news, conversation inside the Fed has turned more intensely toward the questions of how and when to move. Central-bank officials could take new steps at …

The drum beat has begun – but will we dance to it?

Source:

Fed Sees Action if Growth Doesn’t Pick Up Soon