According to statistics from the Fed, for five months, a foreign-investors sell more bonds than buy. We can already say that foreign investors have confidence in the bonds and do not want to fund the growth of the deficit ( http://crisismir.com/analiticheskie-materialy/ekonomika/110-padenie-ekonomicheskix-indeksov-rezultat-gubitelnoj-ekonomicheskoj-politiki.html ). Fed realizes that the QE program should minimize, but do not know how to do it without bursting financial bubbles and the collapse of stock markets. Painless way out of the current situation does not exist.