QE II: the outcome of FOMC is yet to be determined

Whigs

美联储鹰派，迄今为止，对QE II costs/benefits 最强烈的质疑。

http://www.dallasfed.org/news/speeches/fisher/2010/fs101019.cfm

I have been asked to talk about the economy. I realize that many of you are here looking for clues as to what will emerge from the next meeting of the Federal Open Market Committee (FOMC). You might get a sense of what shapes one FOMC participant’s perspectives and inputs this afternoon. But let me say right up front that as in the American League championship playoffs, the outcome of the next FOMC is yet to be determined.

You should bear this in mind given the recent speculation about the prospect for further quantitative easing or the shape and nature of forward policy guidance: No decisions have been made on these fronts and will not be made until the committee concludes its deliberations at its next meeting on Nov. 3.

In my darkest moments, I have begun to wonder if the monetary accommodation we have already engineered might even be working in the wrong places.