- Bernanke: Nothing off the table
- By law, can buy Treasuries or agencies
- No decisions made
- An number of different options
- Monetary policy not a panacea
- Would be more comfortable if Congress would take some of burden off Fed
He’s not pounding the table for QE. Everything is conditional. Not trying to send a strong signal that QE i on its way. He’s being very cautious and trying hard not to commit to any action.
