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September 25, 2012

And coinciding with the market's initial pullback around midday, Philadelphia Federal Reserve President Charles Plosser said the central bank's QE3 will not do much to boost economic growth or lower unemployment. However, Brian Battle of Performance Trust Capital Partners said debate is already "priced in." "Plosser and [Federal Reserve Bank of Dallas President Richard] Fisher have been clear that [QE3] will not be effective...but the fact is that their dissenting makes no difference."

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