Kevin Roose: The Fed Decides the Economy Still Sucks:
In a widely unexpected move, the Federal Reserve has decided not to "taper" its bond-buying…. The no-taper decision is sending stocks to all-time highs…. Another Fed, itching to stop abnormal stimulus and shrink the balance sheet, might have plugged its ears…. But this Fed listened…. Part of the reason today's move shocked Wall Street is that this is a much different Fed from the one most traders are used to dealing with. It's a more compassionate Fed, a more holistic Fed, and a Fed that sees its role… filling the gaps where legislators are failing…. The Fed, with few exceptions, is all Yellens now.