The markets may have cooled after weak jobs data, but two fed bank chiefs say the country's economic situation is not bad enough to warrant additional quantitative easing.

Reuters news reports that both James Bullard, president of the St. Louis Federal Reserve, and Dallas Fed president Richard Fisher do not see additional easing as necessary.

Bullard is even quoted as saying that the outlook for 2012 hasn't changed much. Both Fed chiefs suggested a wait-and-see approach on the U.S. economy is a better approach.

kpanchuk@housingwire.com