So far I see quantitative easing, a special type of monetary policy adopted by Federal Reserve System is not working as it had been expected. Unemployment rate stood at 9.1 percent in May while inflation is raised to 3.16 percent in April. So people do not have job, at the same time inflation has been escalated.
Under quantitative easing program, Federal Reserve has injected $2.5 trillion in the economy over the period 2008-2011 to boost economy specially to ease unemployment problem.
Due to inclusion of paper money, inflation has been rocketed.
