With the goal of flattening the yield curve, the Fed may scoop up Treasuries in the hope of reigniting the equity and mortgage markets.

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So much for the idea of a flattening yield curve bringing investors to the risk table.

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Regarding the effects of quantitative easing on savers, Bernanke acknowledged that flattening the yield curve eroded savings and caused hardship on some, but noted a weak economy was even more dangerous.

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