Complaints dropped to near zero.
If you haven't been convinced previously, hang onto your hats because we've never seen anything like the current commitment: near-zero interest rates through mid 2015 and monthly bond purchases at a current rate of $60 billion for the foreseeable future.
The centerpiece of the new policies is a plan to publish the predictions of senior Fed officials about the level at which they intend to set short-term interest rates over the next three years — including when they expect to end their three-year-old commitment to keep rates near zero.
But investors responded positively when Mr Bernanke implied that "accommodative monetary policies" would continue, ending speculation that the Fed was backing away from its commitment to hold interest rates near zero until late 2014.America's nomination of Jim Yong Kim to lead the World Bank drew fire.
Such a commitment to sports carries a significant price tag: Duke's annual athletic budget is nearing fifty million dollars.
The Fed's policy board, the Federal Open Market Committee, voted unanimously to maintain its two-year-old commitment to hold a benchmark interest rate near zero "for an extended period".
And the Fed, if anything, has reinforced its commitment to hold short-term interest rates near zero through next year and well into 2015.
The central bank affirmed its plans to buy $600 billion in Treasury securities by the end of June, and also left unchanged its two-year-old commitment to hold a benchmark interest rate near zero "for an extended period".
It could promise to maintain interest rates near zero beyond 2014, its current commitment.
A more limited option would be for the Fed to extend its commitment to a low benchmark interest rate, now near zero, into 2015 from late 2014.
The economy is weak enough that Fed policy makers on Wednesday reiterated their commitment to hold short-term interest rates, now near zero, at "exceptionally low levels" for an extended period.
