"Ben Gay" ,the pain soother, has more or less told us that Obama will win the next election and the Fed has to be on the side of the winner.
Wonder what QE 4 is going to look like?
This is frightening as it says that they are not expecting any legitimate reduction in the unemployment in the near future (1-2 years). That means no 'real growth' in the economy.
Direct and indirect taxes will increase and and public services will be reduced over time as cities are basically financially 'trapped'.