It appears that The Bernank has followed his central banking peers around the world and passed the torch on to someone else (since perhaps he has realized his own lack of omnipotence - or more simply he knows the market has become self-aware of QE and needs to reset expectations to have any hope of a QE impact). It's not the first time he has vociferously noted the impact of the fiscal cliff but this time, based on the following word-cloud prominence of the word 'fiscal', it is front-and-center as while he did leave the door open for further policy action - he clearly checked to his congressional co-conspirators.
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