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With cash now yielding zero, that has lowered bonds' return to 2 to 2.5 percent and stocks to 5 percent.
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The decision, taken in January, has already further weakened the euro and lowered bond yields.
Mr Bernanke cited research by the Fed that previous bouts of QE had lowered bond yields and boosted GDP by as much as 3%.
Another distressing statistic: In the fourth quarter, Standard & Poor's lowered bond ratings for 224 U.S. corporations.
Storage significantly lowered bond strength for all specimens (p < 0.001), but this ageing effect was more prominent for the eroded specimens (p < 0.001).
Storage lowered bond strength in almost all groups significantly, but this ageing effect was more prominent for the eroded surfaces than for non-eroded controls.
This should lower bond yields.
QE works through a number of channels: it lowers bond yields; it drives currencies lower and it pushes up asset prices.
A bailout request might even mean the ECB would not need to buy any Spanish debt, the official said, if markets responded by automatically lowering bond yields to a level that did not require support.
All item locations are within the upper and lower bonds of the 95% confidence interval as represented by the dotted lines.
Moody's has lowered its bond rating into the junk range.
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