Since we've done nothing but non-stop Quantitative Easing for the last seven years...with the Fed keeping interest rates at near zero so that the stock market would artificially bubble...the Fed now has almost no arrows left in it's "quiver" to address a floundering Wall Street.
There should have been a gradual raising of interest rates so that we didn't find ourselves in this position. Bad fiscal policy always comes back to bite you in the ass eventually. Bend over, Kiddies...
Since we've done nothing but non-stop Quantitative Easing for the last seven years...
QE ended last October.
The rate was supposed to raised this September, Todd but the Fed has now backed off on that and estimates are that QE will continue unabated until at least sometime next year. Why you think QE "ended" mystifies me.