Mishkin Says QE3 Round ‘Unlikely’

Former Federal Reserve Governor Frederic Mishkin said the central bank will likely complete its $600 billion bond-purchase program, known as QE2 for the second round of quantitative easing, though a third round is unlikely. “The fact that the economy is stronger right now makes it much less likely we’re going to see a QE3,” Mishkin said today in an interview on Bloomberg Television. – Bloomberg