Coming up this Wednesday, the Fed's Policy Committee will meet and Fed head Ben Bernanke will host his second public press conference.
It is my great hope that Mr. Bernanke will make it clear:
- That QE2 is ending in two weeks, on schedule, and
- There will be no QE3.
In other words, send a clear signal to financial markets that the central bank is moving away from quantitative easing to quantitative neutral.
Why am I so keen on this?