As the U.S. prepares to embark on a new round of Federal Reserve quantitative easing, there are plenty of reasons to doubt that it is the right course for the economy and job creation.
Here’s another: The voyage might have to be aborted ”” or at least diverted ”” soon after QE2 leaves the dock because the Fed may be sailing into a political hurricane.
Even before the anticipated launch of the next round of Treasury purchases ”” it’s expected to be made official on Nov. 3 ”” the Fed’s unmistakable signals have fueled commodity price gains as the dollar has sagged….