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US QE2 starts today

11-12-2010 13:40 BJT

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The second round of the US QE will take effect today (November 12th). Some analysts see QE2 as the last chance to get the US economy back on track.

As the first part of the stimulus, the Fed will purchase 105 billion dollars worth of government bonds. The Fed will then pump over 100 billion dollars into the US economy. Opinions are divided on how effective it will be, as questions still linger over what impact the first, much larger, round of QE had.

Alan Greenspan, ex-chairman of Federal Reserve, is taking a stance against the monetary policy, saying it will weaken the dollar. He also said that protectionism which will result, could hinder the global economic recovery.

Editor:Xiong Qu |Source: CNTV.CN

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