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QE3? Not Likely

Via Bloomberg:

Federal Reserve Chairman Ben S. Bernanke said elevated unemployment and subdued inflation mean interest rates are likely to stay low, without offering any sign that the economy needs an additional monetary boost.

Bernanke, in testimony to lawmakers yesterday in Washington, described "positive developments" in the job market while saying it's still "far from normal." He said the inflationary impact of higher gasoline prices is likely to be temporary.

Article here:

So despite all the musings on QE3, 4... It does not appear that the Fed feels we will need additional stimulus - a belief I share. The low rate envirnment we are currently in is somewhat of a defacto stimulus, although the full benefits (or even a small part of the benefits) has yet to trickle down to the consumer level.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.