qe2 means: In August 2010, Federal Reserve Chairman Bernanke spoke in Jackson Hole about the second program in quantitative easing. Officially, the Fed announced this program on November 3. 2010. On November 3, 2010, the Fed officially announced the program. It stated it would purchase 600 billion more long-term Treasury securities before the end of the 2nd quarter 2011. This pace is approximately 75 billion per month to encourage a faster pace of economic recovery. Additional purchases would be made by the Fed using income from its securities portfolio. The total purchase amount will reach 800 billion. These purchases focus on maturities between 5 and 10 years. (in Stock Market Dictionary)