Salient to Investors:

Ethan Harris at Bank of America said Bernanke will fight until he sees a real economic improvement, and expects the Fed to continue buying bonds until the unemployment rate declines to 7 percent, and start outright purchases of U.S. government debt in 2013.

Neal Soss at Credit Suisse Group says history enables Bernanke to stimulate without unhinging inflation.

Nathan Sheets at Citigroup said the huge slack in the economy means inflation will remain quiet for some time, so the Fed can be very aggressive in employment levels they are missing by a wide margin.

Michael Strauss at Commonfund said the Fed knows it is the only game in town and will take risks on the inflation side.

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