Shares hit two-year highs after US Fed move

The newest round of federal stimulus is already impacting global stock exchanges. The major stock exchanges in Britain and the US have increased to levels that are close to those present before the crash. This is seen as a positive sign by some and a negative by others. While no one is arguing that the impact on the stock market is negative, some are questioning the rationale behind the second round of stimulus by the fed. Economists in European countries are criticizing the fed for not changing its strategy in the second round of stimulus. The actions by the fed have already had an effect on the dollar. With the current fed plan to buy bonds the price of the dollar against major world currencies has fallen as expected. This will help to make American exports more attractive, and hopefully provide a strong boost to the economic recovery.