The Fed has been given two objectives: 1) Regulate inflation and 2) Regulate the economy. They only have one knob to turn - interest rates. QE might be consider

The Fed has been given two objectives: 1) Regulate inflation and 2) Regulate the economy. They only have one knob to turn - interest rates. QE might be considered a second knob but it's really just an extreme booster on the first knob used when it reaches the end of travel (zero). >> and Democrats are searching for villains to blame, from greedy bosses to Vladimir Putin. How about congress look in the mirror and all the free money they've been handing out AND spending. On a related note, why does boosting the economy always involve borrowing money - either on the consumer side or the government side? We never talk about debt (deficit isn't debt, it's the rate of change of debt). Fiscal responsibility is always pushed aside for short term goals.