That gave the Fed the ability in 2010 to begin its massive monthly purchases of long-term bonds and mortgage-backed securities. This quantitative easing (QE) allowed the Fed to drive down long-term interest rates directly, leading to a rise in the stock market and to a recovery in prices of owner-occupied homes.
这让美联储有能力在2010年开始大规模按月购买长期债券和按揭支持证券。这一量化宽松（QE）使美联储直接降低了长期利率，导致股市上涨和屋主自住房屋价格回升。由此带来的家庭财富增长刺激了消费支出，重振了住宅建设。而企业对此的反应是增加投资。