Quantitative Easing is a confusing subject. Let’s make it simple. Quantitative easing means raising prices.
In the current economy, you can see the effect. Monetary stimulus has raised the price of gold from $800 to $1600, the DJIA from 7,000 to 13,000 without adding any actual value.
When you read that the Fed will attempt further monetary stimulus, know that all it means is the Fed will attempt to raise prices and hope that has some kind of positive effect on the real economy.