FED: Bernanke: We Don't Have 'Tools' to Offset 'Cliff' Dive

[Confederate]

Federal Reserve Chairman Ben Bernanke says the central bank won't be able to single-handedly compensate for the economic harm that would be caused by the full force of falling off the "fiscal cliff."

 

[Confederate]

When the Fed sees that there's no strong recovery coming despite QE3, I wonder what other assets they'll start purchasing. Credit card debt? Student debt? Negative interest rates?