Aiding the economy: What the Fed did and why

Aiding the economy: What the Fed did and why?

For a quite long time, all the economies have been struggling to keep pace or evolve after the worst financial crisis (last we had in 1930s). More monies were pumped into throughout the world amounting into trillion of dollars - US had QE-I followed by QE-II and various other measures by other countries too.
QE II may be a fait accompli but the Fed Governor justifies it citing the high unemployment rate and low inflation. Read his opinion Aiding the economy: Why the Fed did and why
Enjoy reading!