Fed resumes currency swaps

Since the available bullets available to the Fed to further ease monetary policy, and the phrase "quantitative easing" has become anathematic to disgruntled fiscal disciplinarians, the Fed has decided to resume currency swaps to support the Euro zone. I'll keep it simple: currency swaps are just another means to print more currency. We've seen it before, and we'll see it again.

http://www.bloomberg.com/apps/news?pid=20601087&sid=adES6qP.P7AI&pos=4