Quantitative Easing Could Be a useful Tool

The Federal reserve has the dual roles of checking inflation and promoting job growth and today's End of the Line for Easy Money  suggests that the opportunity for infrastructure investment has been squandered. It doesn't have to be so.  Quantitative Easing was a program developed by former Chairman Ben Bernanke to the ease the Great Recession by having the Federal Reserve buy Bonds.  This very same tool could be used selectively today where the Fed would buy the complete set of bonds financing an infrastructure project at a below market rate.  It would bring down the average yield of its portfolio minimally yet give a cash inducement for job creating construction work to repair our decaying infrastructure.