WASHINGTON ( TheStreet) -- Recent Federal Reserve Board statements confirm that the Board of Governors has every intention of completing its second phase of quantitative easing (aka QE2) and continuing unprecedented support for the recovery well into the future.These actions shouldn't surprise anyone. The Fed has taken a very strong position that the recovery was feeble and that further easing outweighed the substantial downside risks. While the recent strength of the recovery has cast doubts about the merits of QE2, the Fed is sticking with it and continuing to manage the challenges associated with it.
|Federal Reserve Chairman Ben Bernanke is staying on the path of quantitative easing.|
Follow TheStreet.com on Twitter and become a fan on Facebook.