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Don't Bet on 'Bernanke Put': Analyst

Fri 26 Aug 11 | 05:40 AM ET
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Don't Bet on 'Bernanke Put': Analyst

Fri 26 Aug 11 | 05:40 AM ET
Bernanke is unlikely to announce a third round of quantitative easing in his Jackson Hole speech this afternoon, Tony Fratto, the director of Hamilton Place Strategies, a public policy research firm, told CNBC. "If investors are betting on a Bernanke put, they are setting themselves up for a disappointment. Bernanke hinted at QE3 last year, but I don't think we are going to see that kind of activity today," Fratto said.
 
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