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There’s always plenty of speculation about what the U.S. Federal Reserve will do next from every corner of the financial world, but, late on Wednesday, the result of Ben Bernanke’s final policy conclave in the Chair reminded markets that, first and foremost, the Fed is America’s central bank.

With not even a mention of the turmoil engulfing emerging markets from South Africa to Turkey and back again, the Open Market Committee stuck to the plan and announced another $10-billion-a-month hack at its asset-purchase program. This takes it down to a trifling $65 billion. What’s more the cut was agreed unanimously by the Open Markets Committee. No dissent.

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