The Fed takes the country further into uncharted waters - The Washington Post

 

Anyone who doubts it need simply observe market behavior after Fed Chairman Ben S. Bernanke announced Wednesday that the central bank will continue buying securities at the rate of $85 billion per month — contrary to expectations that it would begin to “taper” those purchases, which have already swollen the Fed’s balance sheet to roughly four times its pre-crisis size. Bulls went wild, believing that the Fed’s easy-money policies, which help prop up the price of stocks and other assets, may continue at least through the end of Mr. Bernanke’s term early next year.

The Fed takes the country further into uncharted waters - The Washington Post