Thursday, October 21, 2010

FOMC and QE2

by Bill McBride on 10/21/2010 06:17:00 PM

A few people have asked me for a summary of the views of current FOMC members concerning QE2. Although no one has committed, here is my best guess based on recent speeches or other information ... there appears to be a majority of FOMC member who will vote "Yes", not counting the three labeled as "probably".

Person, PositionFOMC MembershipQE2 Position
Ben S. Bernanke, Board of Governors, ChairmanFOMCYes
Janet L. Yellen, Fed Vice Chairman, Board of GovernorsFOMCYes
William C. Dudley, New York, FOMC Vice ChairmanFOMCYes
James Bullard, St. LouisFOMCYes
Elizabeth A. Duke, Board of GovernorsFOMCYes (probably)
Thomas M. Hoenig, Kansas CityFOMCNo
Sandra Pianalto, ClevelandFOMCYes
Sarah Bloom Raskin, Board of GovernorsFOMCYes (probably)
Eric S. Rosengren, BostonFOMCYes
Daniel K. Tarullo, Board of GovernorsFOMCYes (probably)
Kevin M. Warsh, Board of GovernorsFOMCUndecided
Charles L. Evans, ChicagoAlternateYes
Richard W. Fisher, DallasAlternateUndecided
Narayana Kocherlakota, MinneapolisAlternateUndecided
Charles I. Plosser, PhiladelphiaAlternateNo
Christine M. Cumming, First Vice President, New YorkAlternateUnknown

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