There wont be any QE after the election unless Obama wins and its basicly 50/50 on that. Personally, I think Romney will win and give Bernanke the boot. The FED hawks, especially the guy at the Atlanta FED, are saying they are ready to act - all they have to see is weakness. That is a pretty simple mandate. Plus, these hawks on the FED have "lowered the bar" and believe that only modest improvement isnt enough. So, they have seen little or no improvement and regardless of politics are going to act.