It sounds like the name of an honored Transatlantic ship, but this time the QE2 stands for the Federal Reserve Board’s second attempt at an economic stimulus with the name Quantitative Easing. Will this new round help keep the economy afloat and chugging toward an expansion?
With QE2 the Fed is trying to lower interest rates at a time when short-term rates are already as low as they can go. QE1, the first round of stimulus, which drove up short-term Treasury prices and lowered short-term interest rates, is largely credited with saving the economy from sinking like the Titanic.
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