QE3 by another name?

The US Federal Reserve announced that it will keep interest rates close to zero until 2013. Lex's John Authers and Edward Hadas discuss the implications for the bond market, the dollar and whether this is just QE3 via the backdoor
http://video.ft.com/v/1101860017001/QE3-by-another-name-

Fed should be thrilled
Ajay Rajadhyaksha, head of US fixed income strategy at Barclays Capital, tells Aline van Duyn, the FT’s US markets editor, that the Fed's decision to hold down interest rates until mid-2013 has so far had the intended effect of calming the risk markets.
http://video.ft.com/v/1101429063001/Fed-should-be-thrilled

Don't ignore the strengthening renminbi
While the currency markets have focused on the yen and Swiss franc, China's renminbi has been strengthening too. Investment editor Jennifer Hughes says China's vast dollar reserves could increase the pressure to float the renminbi.
http://video.ft.com/v/1102800914001/Don-t-ignore-the-strengthening-renminbi