Fed watcher Karen Petrou believes so, and she says the Fed can fight inequality with targeted policies.
"You just get a much bigger fiscal bang for the buck," says Mark Blyth, the economics professor and author of "Angrynomics."
The Federal Reserve’s Open Market Committee is meeting today and tomorrow and many are expecting it to announce an end to the bond-buying program of the past six years. What has been the effect of quantitative easing? And are reports of the end of stimulus misleading?
About 75 percent of Americans couldn't identify the bond buying program from a multiple choice list. So it's not too late to ask: Quantitative Easing entails the FED buying bonds to keep interest rates down and encourage lending.