Meanwhile, private companies are not helping; they have continued to "hoard cash" and spend little. In addition to that, "Not only are firms sitting on cash and failing to hire more workers, but also banks have tightened their credit standards, making it difficult for people to get exposure to low rates through cheap loans."
What should the government to to motivate the private sector to move the economy? Is there anything else the Federal Reserve can do to get growth going again? And what's your opinion on the quantitative easing?