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Fed Won’t Ease Now or in September: Feldstein

Thursday, 30 Aug 2012 | 5:59 PM ET

Federal Reserve Chairman Ben Bernanke won’t announce more quantitative easing anytime soon, Marty Feldstein, chairman emeritus of the National Bureau of Economic Research and an advisor to Mitt Romney, said on Thursday.

Even though there has been some economic growth over the past couple of months, the economy remained “terrible,” he said on “Fast Money.”

Fed Won't Ease Now or in September: Feldstein
Fed Chairman Ben Bernanke won't announce QE3 anytime soon, said Marty Feldstein, chairman emeritus of the National Bureau of Economic Research and a Romney advisor.

That, he said, was enough to keep Bernanke from acting further.

“What’s going to be gained by yet another 25 basis points, even if they could achieve that?” he said. “It’s not going to move housing. It’s not going to move business investment.”

Trader disclosure: On Aug. 30, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is long GLUU; Jon Najarian is long STSI; Jon Najarian is long SQNM; Jon Najarian is long GS CALL SPREADS; Jon Najarian is long JPM CALL SPREADS; Jon Najarian is long SBUX CALL SPREADS; Jon Najarian is long FB CALL SPREADS; Jon Najarian is long GPS CALL SPREADS; Jon Najarian is long P CALL SPREADS; Jon Najarian is long FCX CALL SPREADS; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long AGU; Guy Adami is long NUE; Guy Adami is long BTU; Brian Kelly is long JJG; Brian Kelly is long CORN; Brian Kelly is long SOY; Joe Terranova is long VRTS; Joe Terranova is long NXPI; Joe Terranova is long EMC; Joe Terranova is long CHKP; Joe Terranova is long CSTR; Joe Terranova is long AAPL; Joe Terranova is long WFM.

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