Fed Sails with QE2...No, Not the Queen Elizabeth 2, the ''Quantitative Easing Program''

On Nov. 3 Ben Bernanke, chairman of the U.S. Federal Reserve, announced the Fed?EUR??,,????'?????<

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The Federal Reserve announced Nov. 3 that because the ?EUR??,,????'?????<

Ever since the Fed first signaled back in August it was considering a second round of monetary stimulus, investors speculated on the numbers. Guesses ranged from $500 billion to $1 trillion. The numbers are $600 billion in long-term Treasuries over the next eight months. The Fed announced it will also reinvest an additional $250 billion to $300 billion in Treasuries with the proceeds of its earlier investments.

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A recent survey of top economists by Blue Chip found that most believe that even if the Fed bought a $1 trillion worth of Treasuries, it would barely impact GDP growth.

After the announcement of QE2, officials in Germany, China and Brazil criticized the plan, but Jan Hatzius, the New York-based chief U.S. economist for Goldman Sachs thinks the ?EUR??,,????'?????<