Been watching this as well.  Both camps make good arguments.  Consensus among elite seem to hint at a rate hike in December, but who knows?  If the Fed is strictly politicized they will hike after the elections.  But the more I think about it, the less I think QE4 is likely.  I think they're going to go Helicopter Money instead to maintain some credibility.  QE4 will be the nail in their credibility coffin as all the data does not support it.  But again, who the heck knows with these CBs. 3