Yes, apparently Federal Reserve Bank is still intent on testing how far the U.S. economy will bend before it breaks. Yesterday, they came out and made it clear that further action is necessary to pump 'liquidity' in to the markets by buying more U.S. treasuries.
Apparently, and laughably, Bernake and company think that we have a credit problem. If they only make more credit available, economy will take off. So what if in the process they create an even bigger credit and commodity bubbles!
We can only hope that, likes of some Fed members and Democrats will soon realize what businesses (who are sitting on $1.8 trillion) and most economists already know: The only problem with the U.S. economy is one of confidence. After all, how could any business have confidence to invest in this economy (and create real jobs) when socialists have declared war on private enterprise!
November (and Democrat bloodbath) can't come soon enough.