The Fed Starts To Realize It is Powerless

I will less the joy of debating about whether or not QE3 will come in September or not, be sure that it's the only topic the market commentators will discuss as their only strategy is HOPE — hope that Obama will hand them free money, or that the Fed will do so, or both. All the economists and bankers only work like that: free money from government entities...

Anyway, in today's Fed minutes, one sentence caught my eyes:
In contrast, some participants judged that none of the tools available to the Committee would likely do much to promote a faster economic recovery, either because the headwinds that the economy faced would unwind only gradually and that process could not be accelerated with monetary policy or because recent events had significantly lowered the path of potential output. Consequently, these participants thought that providing additional stimulus at this time would risk boosting inflation without providing a significant gain in output or employment.
It's really interesting to see that even the FOMC members are starting to realize that they are powerless in front of this mountain of debt that they helped to create and that they cannot get rid of now.

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