The Fed, BofC and BofE need very much to instill confidence in the markets by providing some kind of stimulus to get the markets moving higher. They are caught between a rock and a hard spot by injecting liquidity, which needs to be done (or something), coupled with low and soon to be lower interest rates to get people borrowing to stimulate the economy. The problem is that stimulus packages tend to be inflationary and for today it appears not to be an issue; you can be sure down the road it will need to be dealt with, but currently the focus is to prevent any further melt down in the economy/markets. And for now we take the assistance, but the problem is confidence appears to be in question as to whether people believe the Fed and all the others can prevent the melt down from not occuring. Time will tell.