"To help support the economic recovery in a context of price stability, the Committee will keep constant the Federal Reserve's holdings of securities at their current level by reinvesting principal payments from agency debt and agency mortgage-backed securities in longer-term Treasury securities."
To help support the economy in a context of price stability? What kind of gobbledeegook is that? Anyway, the illusion of stability and quality that is the long term US treasury bond likes the statement.
Monetize, monetize, MONETIZE that debt Ben. The people won't care if you can give them a short term asset explosion.
