To other commenters: The only thing and the only job the Fed has now is to increase the Consumer Sentiment Index (without destroying royally the economy and th

To other commenters: The only thing and the only job the Fed has now is to increase the Consumer Sentiment Index (without destroying royally the economy and the Consumer Confidence Index (employment that is)). Its power are the statements and showcasing it is doing stuff. That's it. The interest rates and treasury issuance will do nothing by themselves -- the banks have not unloaded their portfolios yet. If it wanted to affect things it would start messing with the Mortgage Backed Securities "portfolio" which would be the "nuclear fusion bomb" word. So let's hope people get convinced that things are fine and don't start running to the banks/stores to stock up on ... toilet paper. (wink) Edit: https://ycharts.com/indicators/us_consumer_sentiment_index https://ycharts.com/indicators/us_consumer_sentiment_index (Consumer Sentiment Index)