Posted by Nin-Hai Tseng, reporter CNNMoney.com
Many economists and market commentators are convinced that the Fed's move to pump $600 billion into the economy by buying up long-term bonds will do more harm than good for America's economic recovery.Quantitative easing, as it's technically called, is rarely used by central bankers to boost the economy. So while the Fed's last-ditch policy prescription might be well intended, the outcome is still very much uncertain.
If it's successful, a few things would happen:
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