Ben Bernanke on QE3

Going forward, we’ll have to continue to make judgments about whether additional steps are warranted, but as we do so, we have to keep in mind that we do have a dual mandate, that we do have to worry about both the rate of growth but also the inflation rate.

The trade-offs are getting — are getting less attractive at this point. Inflation has gotten higher. Inflation expectations are a bit higher. It’s not clear that we can get substantial improvements in payrolls without some additional inflation risk. And in my view, if we’re going to have success in creating a long-run, sustainable recovery with lots of job growth, we’ve got to keep inflation under control. So we’ve got to look at both of those — both parts of the mandate as we — as we choose policy.

~ Federal Reserve Chairman Ben Bernanke, Bloomberg press conference, April 4/28/2011

Nouriel Roubini: "I don't see the markets falling"

Right now I don't see the financial markets falling.  I see the U.S. stock market flat for the rest of the year.

~ Nouriel Roubini