Romney Is Firm Where Fed Isn't on QE3

"We have a fair amount of evidence, I think, about how quantitative easing measures affect bond markets, but I'm not aware of much evidence of how they affect equity markets," Benjamin Friedman, an economist at Harvard University, said in a previous interview. "The idea of an impact one way or the other on the equity markets seems rather remote ... as opposed to the bond market."

The president has been silent about the issue, and Bernanke consistently has said monetary policy must be complimented by meaningful policy action by Congress.

Markets will continue to await a concrete signal from the Fed for easing, but this is one issue on which Romney has taken a firm position.

-- Written by Joe Deaux in New York.

>Contact by Email.

Follow @JoeDeaux