Geithner said a few days ago that they were coming to the end of the current $600,000,000,000 lump of printing paper money in early June.
The Ivy League apparently rids its graduates of wisdom.
I think that the drop in commodity prices (Including oil) is a clear indication that there will not be a QE3.
Without QE3 the White House and Congress will have to address the deficit very soon. The Treasury will not be able to find buyers for all of the bonds they are issuing as well as another $600 billion.