It hasn't helped the general population gain employment. I reckon the Fed would be better off directly employing people rather than buying bonds. Employ people to fix things and build things like FDR did. $300 billion = 10mil employed @ $30,000 each.
If they did taper they would have to do it slowly, 1b per month reduction.
ex-fed official: 'i'm sorry for qe' ..., page-2
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