by Calculated Risk on 10/21/2010 06:17:00 PM
Thursday, October 21, 2010
FOMC and QE2
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, Position | FOMC Membership | QE2 Position |
---|---|---|
Ben S. Bernanke, Board of Governors, Chairman | FOMC | Yes |
Janet L. Yellen, Fed Vice Chairman, Board of Governors | FOMC | Yes |
William C. Dudley, New York, FOMC Vice Chairman | FOMC | Yes |
James Bullard, St. Louis | FOMC | Yes |
Elizabeth A. Duke, Board of Governors | FOMC | Yes (probably) |
Thomas M. Hoenig, Kansas City | FOMC | No |
Sandra Pianalto, Cleveland | FOMC | Yes |
Sarah Bloom Raskin, Board of Governors | FOMC | Yes (probably) |
Eric S. Rosengren, Boston | FOMC | Yes |
Daniel K. Tarullo, Board of Governors | FOMC | Yes (probably) |
Kevin M. Warsh, Board of Governors | FOMC | Undecided |
Charles L. Evans, Chicago | Alternate | Yes |
Richard W. Fisher, Dallas | Alternate | Undecided |
Narayana Kocherlakota, Minneapolis | Alternate | Undecided |
Charles I. Plosser, Philadelphia | Alternate | No |
Christine M. Cumming, First Vice President, New York | Alternate | Unknown |