Rogers: QE3 will make Fed 'look like fools'

The US Federal Reserve will push ahead with QE3 although it will make policymakers "look like fools again", said outspoken investor Jim Rogers.

Investors are eagerly awaiting the outcome of a key Federal Reserve meeting today and pinning hopes on a fresh round of quantitative easing to stimulate the world's largest economy. Rogers, the chairman of Rogers Holding, is unconvinced further stimulus measures will have the desired effect, CNBC reports. "QE1 failed, QE2 failed, so I am not so sure they would announce QE3, because they will look like fools again," said Rogers (pictured). However, despite his misgivings, he added he does expect the Fed to unveil further QE. In an interview with CNBC, Rogers hit out at recent develo...