The Fed Offer's "More Punch!"

Last week Chairman of the Federal Reserve, Jerome Powell, held his periodic News Conference following the latest meeting of the Federal Reserve's Open Market Committee. The FOMC is the working body of the Fed that set's short-term interest rates and establishes the overall monetary position of the Fed.

And once again, Chairman Powell made abundantly clear that the Fed would leave the monetary spigots wide open. That this Fed would support the continued expansion of liquidity in the financial system. And that they'd do it through continued direct purchase of financial assets, Quantitative Easing, and through continued historic low-interest rates.