The Federal Reserve’s Ben Bernanke continues his plan:
“The central bank replaced a more modest stimulus program due to expire at year-end with a fresh round of Treasury purchases that will increase its balance sheet. It committed to monthly purchases of $45 billion in Treasuries on top of the $40 billion per month in mortgage-backed bonds it started buying in September.
In a surprise move, the Fed also adopted numerical thresholds for policy, a step that had not been expected until early next year. In particular, the Fed said it will likely keep official rates near zero for as long as unemployment remains above 6.5 percent, inflation between one and two years ahead is projected to be no more than 2.5 percent, and long-term inflation expectations remain contained.”
See: http://finance.yahoo.com/news/fed-ramps-stimulus-approach-support-173200191.html
Is he praying for a miracle for the current system or that Our Heavenly Father’s Kingdom would spread around the globe and remove the heat altogether?