From Zero Hedge:

Anyone who may have been harboring doubts that the Fed will pull yet another economically destructive policy out of its bag of genocidal tricks on September 21 can now relax.

Jon Hilsenrath has spoken. And while we don't know just what form of QE3 will take place (as a reminder, any form of duration extension, and hence, artificial risk s*** can be reduced to the broad definition of Quantitative, or otherwise, easing), he does give us a menu of three options: i) Operation Twist, as first discussed by Zero Hedge back in May, ii) a reduction in the Interest on Overnight Excess Reserves (IOER) from 0.25% to something... lower, a move that would wreak havoc and completely destabilize money markets, and iii) more...

Read full article...

More on the Federal Reserve:

How QE3 could destroy the Federal Reserve

The Federal Reserve could soon make one of the biggest mistakes in history

Controversial post: The Federal Reserve could be trying to crash the stock market