How does qe3 create jobs

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We apologize, but this video has failed to load. In fact, low interest rates make it harder for them to turn a profit on new loans. Still, some economists say QE3 could be modestly helpful. It may drive stocks higher. It could also support the nascent recovery in the housing market.

Mortgage rates are indirectly related to the Fed's policies, and in July, they fell to their lowest level on record. That same month, permits to build new homes picked up to their highest level in four years. Home prices have started to rise too. Related: What the Fed should do but probably won't.

Mark Gertler, an economist at New York University, believes QE3 could have a positive impact on the economy if it included mortgage-backed securities.

That stands in contrast to the first two rounds of QE.