Bernanke has asked Congress for an other stimulus package. This would take the pressure off the Fed for QEIII. Don't look for it to happen anytime soon.
From Ben's testimony to Congress, June 7, 2012:
The 800 lb. gorilla is the pending tax cuts and austerity measures coming in the new year.
This is the ultimate game of hardball playing in the political theater. Congress is dragging their feet looking to elect a republican President and thereby save our country.
Their playing 'chicken' with our future and it's just wrong.