Husselbee: Joint central bank action could be around the corner

The Federal Reserve may have held back from unleashing a third round of quantitative easing as a joint central bank effort from around the globe may be around the corner, according to North Investment Partners' John Husselbee.

The CEO and manager of funds of funds criticised the Fed for being reactive, rather than proactive, when it comes to tackling slowing economic growth. His comments came after Ben Bernanke announced an expansion of Operation Twist earlier this week but stopped short of kick-starting the widely-anticipated QE3. "This appears to be as far as the Fed will go at this stage. They clearly do not believe things are as bad as we all think but like we have seen on other occasions, they are behind the curve." Markets were equally disappointed with the lack of response as well as the cuts in grow...