Reality Check: What is QE3? And what does it mean for the U.S. economy?

(FOX19) - It was barely covered by national media but a major event took place late last week. One that will have a massive effect on the money in your wallet.  Your ability to by goods and services and ultimately your future.

It's something called QE3 and last week the Federal Reserve Bank announced it would begin.  Tonight, what it means for you.

This is a Reality Check you won't see anywhere else.

Copyright 2012 WXIX. All rights reserved.