..........Fidelity Investments announced Tuesday, that American worker's 401K accounts have more than doubled since 2009.....
Given this environment and the leadership transition as Ben Bernanke's term ends in January, the Fed will likely continue its current stimulus program at full blast
-- buying $85 billion in bonds each month
-- until at least March 2014.
That means QE3 could total around $1.6 trillion, calculates Paul Ashworth of Capital Economics.
That's more than either of its two predecessors. In contrast, QE1 totaled $1.5 trillion and the second round of stimulus added up to about $600 billion.
Most of the money created by the Fed is gathering dust in bank reserves and has not been making its way out to Main Street.
Since the Fed launched its latest bond-buying program in September 2012, bank reserves have increased by about $800 billion, whereas the currency circulating in the economy has increased by only $80 billion.
Meanwhile, repeated rounds of quantitative easing have fueled stock gains to the point where some economists say prices may no longer be reasonable.
American worker's 401K accounts have more than doubled since 2009