Although the consumer price index (CPI) indicated that we were in a deflationary period prior to the second round of quantitative easing (QE2), the price of food, gas, insurance, stocks, bonds, and nearly every other thing we buy in our everyday life was higher than the prior year. The Fed was completely wrong when it said that we were experiencing deflation!
One thing that the quantitative easing did accomplish was higher prices (inflation). By keeping interest-rate’s near zero, it made it possible for people to spend more money on homes resulting in the reinflation of the real estate bubble. Also, the prices of food, gas, insurance, stocks, bonds, and nearly every other thing we buy in our everyday life is higher.
It can be argued that more jobs were created but they were more part time jobs at lower wages NOT Full time jobs at higher wages. There has been no appreciable increase in wages in the last several years. Once again, the Fed failed on this goal.
In summary, quantitative easing was a miserable failure. All it did was put our country further into debt and didn’t accomplish the goal of fixing the economy.