Wiedemer: Fed to Print More Money If Stock Market Drops 15%-20%

“European countries should resist the urge to scrap austerity measures, says Robert Wiedemer, financial commentator and best-selling author of “Aftershock.”

Meanwhile in the U.S., he warns that a sluggish economy may prompt the Federal Reserve to roll out a third round of stimulus known as quantitative easing, under which the U.S. central bank buys assets held by financial institutions, flooding them with liquidity in the process with the aim of pushing interest rates down and encouraging investment and hiring.

“If you saw the market drop 15-20 percent, I think the Fed will definitely move in,” he tells Newsmax TV in an exclusive interview. ”

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