Kliphnote: If Obama's economy was so great you wouldn't need to print more money.
Rejoice: the Yellen Fed will print money forever to create jobs
• Obama to nominate Janet Yellen as Federal Reserve chairman • Choice of 'battle-tested' Yellen relieves markets • Janet Yellen: a 'hawk in dove’s clothing'?
The Fed will be looser for longer. The FOMC will continue to print money until the US economy creates enough jobs to reignite wage pressures and inflation, regardless of asset bubbles, or collateral damage along the way.