The Hill: GOP lawmakers warn Bernanke against QE 3

08/26/11 by Alexander Bolton - House Republican lawmakers are warning Federal Reserve Chairman Ben Bernanke to refrain from another round of quantitative easing, which they say could accelerate inflation. ✧ Bernanke is scheduled to speak at a Fed conference in Jackson Hole, Wyo., today, Friday morning at 10 a.m. ✧ At the same conference last year, Bernanke launched the second round of the Fed’s treasury purchasing program, which became known as QE2. Read more at The Hill...

"Opposition to a third round of quantitative easing has spread beyond the Tea Party to establishment Republicans and even some Democrats."

UPDATE: Phew! Bernanke did NOT suggest another round of quantitative easing at this conference. --bc