Bernanke: More Bank Of Japan Imitation to Come

KabukiBernanke

In a widely telegraphed move, the FOMC today voted to keep Fed Funds target rate at zero.

Oh, and based on the statement, don’t expect this to change anytime soon.

Bernanke may have been a student of The Depression, but he is clearly a fan of the Japanese Lost Decades.

All that was missing from today’s Bank of Japan-like affirmation was the Kabuki makeup.

US Stocks Rally After Fed Statement (MarketWatch)