Is quantitative easing working?

The Federal Reserve officially announced its plan for quantitative easing, to plow $600 billion into the economy, about six weeks ago. Is it working yet? Bob Moon reports. A top central banker declared today that the big bond-buying program has been at least modestly successful so far. We asked our senior business correspondent Bob Moon to prove it. Karen Petrou: It has to be judged not only by what it does while we’re in it, but what happens as we get out of it — the degree to which the Fed judges the market just right. That’s why this is really risky, the Fed has to be perfect, and almost nobody ever is.

To listen to the show click here: http://marketplace.publicradio.org/display/web/2010/12/20/pm-is-quantitative-easing-working

.