The article explains how the Fed is attempting to boost our economy by buying $600 billion worth in government bonds, which will lower interest rates and hopefully convincing people to spend more money. The Fed also hopes that when they start buying the bonds, that it will create more jobs. Many people are concerned that the Fed's actions won't solve our problems but will just temporarily boost our economy, and raise bond prices and lower the bond yields. One of the biggest concerns is that the lower interest rates won't persuade people to buy more and that the Fed will basically waste their money on what would've spent in much more efficient ways.
If you would like to read more from this article, here is the link: http://www.msnbc.msn.com/id/39990043/ns/business-personal_finance/
The Fed seems to have a good idea, but I, for one, am not sure how well it will work. What if people ignore the low interest rates, and continue to save? Wouldn't that make the Fed look like fools? In this situation, the risks and possible benefits cancel each other out it seems. Either way, something good is going to happen, or something bad is going to happen, whether we decide to let the people make that decision is what's really holding us back. I say we start putting people in charge of our economy, now matter how dumb that may sound because clearly the people are unhappy with our leaders and want the power. I say we take the gamble, I say we let the people decide, because it's their right and that seems to be what they want.
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