The Fed: $600 Billion Gamble

Last Updated Nov 5, 2010 8:16 AM EDT

By now everyone has heard that the Federal Reserve is doing something, but it's hard to figure out exactly what it is and how it might trickle down to us mere mortals. I talked about the Fed's plan (aka "Quantitative Easing") with CBS3 this morning.

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    Jill Schlesinger, CFP®, is the Editor-at-Large for CBS MoneyWatch. She covers the economy, markets, investing or anything else with a dollar sign. Prior to the launch of MoneyWatch in 2009, Jill was the chief investment officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.

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