Ben Bernanke actually said...

We are very focused--like a laser beam, if I may--on this issue of the exit and making sure that we have price stability in the medium term.

Then they would have to avail themselves of the Treasury's backstop.

only with the New Deal's rehabilitation of the financial system in 1933-35 did the economy begin its slow emergence from the Great Depressio...

Fiscal monetary stimulus may provide broader support for the economy than monetary policy alone.