If only the Fed could print trust instead of money

[RedEarth]

LONDON (MarketWatch) -- Just minutes before a truly depressing jobs report Friday, the Federal Reserve said it is trying to add liquidity to the banking system.

The move briefly inspired futures, but the damage from the job loss report was too great, and futures quickly turned tail and headed sharply lower. See related story.

......

The Fed's big cuts in January, as well as comments from Fed Chief Ben Bernanke since then, have already made it clear that the FOMC is worried about the U.S. economy -- really worried.

But what the economy and banking systems really need is something the Fed can't give them, because the problem isn't a shortage of cash, it's a shortage of trust.

And making it less expensive to lose money isn't really going to help anybody, especially when such moves only serve to boost inflation.

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