Why most economists are not hopeful about "quantitative easing," the Fed's latest idea to help the economy.

Commentary about business and finance.
Oct. 20 2010 6:39 PM

QE2? Not QED.

Why most economists are not hopeful about "quantitative easing," the Fed's latest idea to help the economy.

(Continued from Page 1)

And in the face of that crummy economy, QE is one of the few tools the Fed has left. The country's central bankers might hope for more direct ways to goose growth with the mint in their basement—whether buying houses or forklifts or lipstick. But right now, all they can do is try to persuade banks and businesses to look to the rest of the economy for ways to invest.

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Annie Lowrey is a contributing editor for New York magazine. She can be reached at annie.lowrey@gmail.com.

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