Is QE Really Effective?

"This conversation so far has really helped me to fill in some of the missing pieces that sort of, if you think about this global financial system as like an onion that you have to unpeel," he said. "I was in, I think, in a layer fairly high up. But what this has helped me sort of put some of the puzzle pieces together that I wasn't before." 'There's a massive system. We cannot discuss this whole thing in one conversation,' Fed Chairman Ben Bernanke added.