minutes: brian jacobsen, chief portfolio strategist at wells fargo funds management. hi, brian. as you heard our reporting, several members of the federal reserve are ready to add more stimulus into the u.s. economy, what everyone is calling qe 3. do we need it? >> i'll be perfectly honest with you, i don't think that the economy really needs another dose of quaunity tateive easing. the previous ones did a little bit to important the financial markets, they did a little bit to bring down interest rates. but if the fed attempted to do anything now, i don't think it would have much of an effect. the problem is that it's not a lack of liquidity in the financial system that's the problem, it's a lack of job creation that's the problem. >> susie: but it also seems another problem is that the fed is very concerned about what's going on in europe. to what extent do things have to get so bad in europe that the fed would be prepared to take some action to prop up the u.s. economy? >> well, i think that what the fed would really do isn't so much to prop up the u.s. economy, because if you