More specifically keep growing the FED balance sheet by printing more and more money so the FED's constituent banks can buy more and more stocks, and pay their board members bigger and bigger year-end bonuses. (It is September after all.) Wonderful!
Another lesson not learned apparently. Trying to extinguish old bad debt with new bad debt is a fools errand. It is precisely why Europe is on the brink of collapse. The ECB just called this week for "unlimited" bond purchases so the FED can't be left behind in the race to the bottom. Who has the fastest printing presses is now the new competition between the FED and the ECB.
What was it Henry II of England said? "Won't someone rid me of this meddlesome priest?" (banker)
An apendage thanks to my friend at Coyote Prime - "Running 'Cause I Can't Fly"
Edited, with a Translation, by Benjamin Thorpe, Vol. II
(London: Longman, Green, Longman,and Roberts, 1861)