12:26 EDT - Cleveland Fed President Sandra Pianalto, an FOMC voter who
is not one for sticking her neck out with bold statements, seems to
fall in line with Chicago's Evans, who earlier called for more easing
by the Fed to boost the economy. She wasn't as unequivocal as Evans,
saying that there are benefits from further easing but arguing that
the Fed needs to be "realistic." Looks like another vote for QE next
month and another person setting up Bernanke to open the door to it in
his speech Friday. But it's also a reminder of the hesitation that
FOMC members feel toward doing another round and the frustration with
the knowledge that it won't do much. (michael.j.casey@dowjones.com)
(END) Dow Jones Newswires
August 27, 2012 12:27 ET (16:27 GMT)
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