Federal Reserve To Pump 600 Billion U.S. Dollars In The United States Economy

The Federal Reserve announced it would pump $ 600 billion (£ 373bn) of the U.S. economy by the end of June next year to try to strengthen the fragile recovery.

The stimulus, equivalent to $ 75 billion per month, slightly higher than economists expected. The U.S. economy grew at an annual rate of 2% between July and September, which is not enough to reduce high unemployment.

Some analysts see as the last chance to get the QE of the U.S. economy on track.

Interest rates are already close to zero, which means that the Fed can not reduce prices further in order to increase demand - which is the traditional policy of central banks to stimulate growth.

Central banks create money to buy the government, and sometimes corporate, securities, for three main reasons: It has instead announced a new round of QE, where it will generate money to buy bonds with long term government.

The program was called Queen Elizabeth 2, after the Fed pumped $ 1.75tn in the economy during the slowdown in the first round of the ANC.

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