“Instead of hammering the Federal Reserve, point your finger at the Congress,” says Richard Fisher, Dallas Federal Reserve president, discussing his opposition of additional quantitative easing and what Congress should do to create jobs.” Here is a direct link.
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IMO, with the announcement of QEternity, the Fed essentially threw in the towel. They’re done (aside from maybe some other have-baked pseudo actions). Now they are hoping against hope that the Congress can save the day for them so they don’t lose what tiny shred of credibility they have left and are basically forced to come clean that the Fed works for the banks, not the people, and that the only way forward is overt totalitarian fascist control.