The Fed pushed QE2 boost the economy

U.S. unemployment rate to 7.4% from the end of 2008 all the way up, in the fourth quarter of 2009, more than 10%, despite the decline thereafter, but remained at a high of 9.6%.

"In the first round of the quantitative easing monetary policy stimulus, the Dow Jones industrial average rose sharply, but the U.S. employment rate has not been fundamentally improved." Accepted "Daily Economic News" interview with Galaxy Securities chief economist Zuo Xiaolei said to reporters "This shows that (QE1) did not play a big role."

June 2009 to 12 months, Bank of New York, Goldman Sachs Group, JP Morgan Chase, Citibank has returned to the government bailout funds. Recently, through the sale of AIG's insurance companies to raise 367 billion dollars to repay the Federal Reserve Bank of New York, part of the loan. There are indications that during the execution of the QE1, cheap money at the Fed and the Treasury funding, the Wall Street financial institutions are recovered.

QE1 have the Wall Street financial company out of bankruptcy to save the U.S. economy is still struggling.

　　The Fed pushed QE2 boost the economy

The end of 2009, along with the national monetary and fiscal stimulus policy, to stabilize the global economy has gradually stabilized. States expected the economy, but also by the pessimistic "L-type" or "U-type" at the end, turned optimistic "V type" at the end.

January 2010 the Federal Reserve monetary policy decision-making meeting that the U.S. employment, consumer spending, housing sales and industrial output value of the data better than expected, indicating that the rise in the U.S. economy is gaining momentum. February 19, 2010, the Fed unexpectedly raised the discount rate of 0.25 percentage point to 0.75%. The move by the market interpreted the Fed tentative start exit strategy.

However, in Europe originated in the Greek sovereign debt crisis to the U.S. economic recovery has just started casting a shadow, coupled with the uncertainty of the U.S. economic recovery is still great, the second bottom began to diffuse concerns about the market. Into 2010, the U.S. unemployment rate remained high at 9.5% or more, that the U.S. economy is still uncertain.

U.S. Federal Reserve that the U.S. economy can maintain long-term rate of unemployment should be 5% to 5.25%; modest inflation rate should be 2% or slightly lower. The U.S. unemployment rate was 9.6%, and remained high; September consumer confidence index fell to 48.5, showing weak consumer boost.