The Fed's Playbook for Equity Exposure

"I waited to get like a little greedier on some stuff and then it sort of ripped, but whatever," he says. "There's something to be said about how I mean, think of the financial crisis and improvisational music terms." The Fed had a pretty clear sense of which tools were really valuable and which tools worked in this case,. He adds that Bernanke was creative and deployed tools that any other Fed share might not have.