If you were pleased by the assurances that the Fed is aware of the problem and they will do whatever they need to do to deal with it, you’ll probably also benefit from knowing:

• The sun is likely to come up tomorrow.
• The administration is concerned about terrorism.
• The Treasury has a strong dollar policy.
• Objects in the mirror are closer than they appear.
• Hot surfaces may burn.

I have heard way too many market participants suggest that they were confused about whether the Fed knew what they knew.  As if they knew more than the Fed.  So now that Ben has assured you that he in fact is not asleep, what the hell good is that?  He has been busting his ass doing extreme things with monetary policy and he’s accused of being asleep.   I learned nothing from his Jackson Hole commentary and didn’t need him to tell me he was paying attention.  Apparently, investors like this kind of thing.