THE DISTILLERY: QE overflow

Scribes consider the impacts of US Fed stimulus after Ben Bernanke's latest comments, with one asking whether QE3 has been 'too successful'.

Federal Reserve chairman Ben Bernanke has hinted he could start pulling back QE3 by the end of the year and absolutely no one is surprised. But there’s much to analyse with Bernanke’s expectations for the US economy, the extent of the sell-off in global markets and the benefits of a lower Australian dollar.

The Australian Financial Review’s Capital Markets columnist Jonathan Shapiro notes that there were a number of aspects to Bernanke’s statement.

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