Fed Press Conference: Why QE3 Will Never End

Back in June, as the official unemployment rate continued to fall, Federal Reserve Chairman Ben Bernanke indicated to the public that the Fed might begin to scale back its easy-money policies sometime before the end of this year.  As the Fed met this past week, many economists and analysts expected it to announce that the central bank would indeed begin tapering its current $85-billion-per-month bond-buying scheme known as Quantitative Easing 3.