Ben Bernanke, chairman of the Federal Reserve, said the decision to buy $600 billion in Treasurys is only a different tool for effective monetary policy. "This sense out there, that quantitative easing or asset purchases, is some completely far-removed, strange kind of thing and we have no idea what ... is going to happen, and it's just an unanticipated, unpredictable policy -- quite the contrary. This is just monetary policy," Bernanke said.

Related Summaries