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>> as people mainfully watch, there isn't going to be any big jolt to the economy one way or the other. the most we are going to do is avoid catastrophe. or reduce the deficit or provide stimless in the short-term. the fed is a significant player here in terms of the way the levers that washington has. this policy has been controversial. it is fueling another bubble with the stock and housing markets and it tends to avoid investors and borrowers. but that is the principle means that washing than has had to influence the way that things go