The Washington Post


The deliberately bland language masks the vigorous debate both inside and outside the Fed over how much progress the economy has made -- and whether the central bank can still make a difference.

The action reaffirms the central bank's confidence in the recovery despite stalled growth during the winter.

The Fed is printing money to buy mortgage backed securities. But it's not the first time the central bank has found itself owning a curious set of assets.

Draghi's latest plan gets closer to a policy that can avert disaster. But it probably doesn't get close enough.

  • Dylan Matthews
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  • Sep 5, 2012
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