What exactly is going on with the Fed? According to Bloomberg, the Fed sees 'little need now for further bond purchases': http://www.businessweek.com/news/20...ttle-need-now-for-further-bond-purchases.html After reading the article, I don't see any such clear indication coming from the Fed at all. I know Bloomberg has to write press copy and make catching headlines, but from what I understand there is still a lot of internal division amongst the Fed governors over whether or not to continue the QE2 asset purchase program, let alone a QE3. The Fed's interpretation of the data is also very questionable and un-scientific, in my opinion. When they make statements like Treasury markets are âso deep and liquid that there doesnât seem to be a needâ to taper the purchases, I worry when comparing this observation to that of Bill Gross at Pimco, who is basically arguing that the Fed has taken over the Treasury market, most of the liquidity is artificially supported by them, creating a "Ponzi scheme", and has no easy way out of their purchasing plan lest interest rates rise, which the Fed clearly doesn't want to happen: http://www.planbeconomics.com/2011/03/02/bill-gross-who-will-buy-treasuries-when-the-fed-doesn’t/ So I ask again, what is going on with the Fed?