Monday it was NY Fed president Dudley stating, given weaker economic data, the Fed will go slow if raising interest rates.
Tuesday it was Minneapolis Fed president Kocherlakota stating: “There is even a theoretical argument to be made for making asset purchases now if the economy faltered.”
Is this a QE4 trial balloon?
It does show how determined the Fed is to keep printing money even though doing so has only helped stock markets but not so much the economy.
So, that said, equity markets were higher early Tuesday once again as biotech stocks led market gains. The Dow was lifted higher by a few high-priced stocks including; BA, CVX, JNJ, MMM and IBM. But, in the last