By 'Quantitative Easing' the Fed simply creates new money to "inject cash into the system".
The scale is enormous: since 2008, QE created $1.7 trillion, & another $600 billion via QE2. The Fed's balance sheet has ballooned from $900 billion of assets in August 2008, to $2.3 trillion.
Before QE, assets on the Fed's balance sheet was 6% of GDP. Now it's a massive 16% of GDP!
Can that really leave no adverse effects ?
Economists criticise Fed's plan
Fed doesn't understand risk of QE (YouTube)
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