fed to begin quantitative easing today, page-23

) The 300 billion purchase is not that significant when considered in a broader (but not that broad really) historical context.
2) Bernanke KNOWS this.
3) He wants everyone to think that it is. He wants to think that he's doing something REALLY inflationary


If this was the one and only possible reason for inflation to kick in then I might agree however there is a multitude of reasons.