Page 8 - Qe 2 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hear from house republicans, paul ryan's budget committee, going against bernanke, i think it makes it new and interesting. >> we had paul ryan on "squawk box" and he talked about how he's very interested in hearing from the chairman how he plans to get out of qe-2 but of the low interest rate environments, he said he'll be pushing the chairman to talk about a single mandate instead of a dual mandate, so it could make for interesting fireworks tomorrow. >> thanks very much for the preview. coming up, is president obama forsaking his base to make peace with big business? we'll talk with the k...

In china, they are more capitalistic in many ways than we are but to fight with china now, they are our third best partners. we sell as much goods there as -- more than anybody else, they are third in line. i would say they are great customers and to argue that they are the problem, then we say, well, they are messing around with their currency. what have we done for the last three years? first we doubled the monetary base. now we have qe-2. that's currency manipulation. shouldn't we look to ourselves, say we should have a sound economy. we should promote productivity here, and china is flawed...

I think they see that. they would love to put another mini stimulus package in there. listen, they know the politics are deadly. that's not going to happen. the best they can do is put a good face on it and put some more fed money pumping. hopefully another qe-2 will work. i don't think they have a plan b. >> let's talk about that. i have an opinion. i believe the financial industry, if you want to call it that at this point,ç it doesn' inject capital. it extracts capital. similar things are reflected in energy relationships and the trade deficit. if we don't do anything, we're not going to ...

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Bernanke so keen to make qe-2 and possibly qe-3 happen here later this year to stop the u.s. economy sliding away from its recent growth. so fascinating reading. tells us a lot about fed thinking right now. the markets today, they're trading higher. we have europe positive for the moment. mixed picture as far as it come to the u.s. session. but we do have numbers out of j.p. morgan around lunch time. that's going to be fascinating because we want to know how these u.s. banks are going to report. record numbers expected from j.p. morgan. back to you. >> all right. jeff, thanks so much. yeah, th...