true - this is a bit confusing. But effectively what the fed is saying is that if there is any problem they are ready to helicopter in. That takes complacency back into the market making carry trade attractive again. imho
That has been preached for 5 years, yet the opposite has been happening. All while the USD was taking a plunge and hitting lows. In fact, state treasuries are really hurting due to the endless offshoring and loss of jobs. They are borderline bankrupt. And he meant Bretton Woods Agreements, I hope.