2013-12-21kingworldnews.com

``... this is the dovish part of the statement: `Forget about what we told you about 6.5% unemployment that we targeted for the Fed to begin to engage in a policy of getting off of zero bound interest rates,' which they are theoretically getting close to because so many people have permanently left the workforce, `because we are now telling you new guidance:  We (the Fed) intend to extend this program, in all probability, well past that point.' Now there is no benchmark.  It's not 6.5%, 6%, 5.5%.  So what they've replaced `QE-to-infinity' with is a `zero-bound-rate-to-infinity.'  `It's zero-bound until we tell you otherwise,' and they are really not giving the market much in the way of criteria to make a judgement on that.''''


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