Stephen Roach, former non-executive chairman of Morgan Stanley in Asia, appeared on Bloomberg TV’s “In the Loop” with Betty Liu, saying that he “absolutely” sees more Fed stimulus next week and that “they have no choice…the markets are setting themselves up and discounting the next QE2. They will not disappoint the markets.”
Roach went on the say that “Jon Hilzenrath [of the Wall Street Journal] is actually the chairman of the Fed. When he writes something…Bernanke has no choice but to deliver on what he wrote.”
