QE Basic Cross Rates Sheet3 CNBC Swiss Central Bank 'de-pegged' from the Euro. Mario Draghi, head of the European Central Bank (ECB), may announce "Quantitative Easing" (QE). QE is aggressive monetary policy. The US Federal Reserve ended its OE in November/December 2014. What is QE? "Electronic Money Printing" QE basically means that the central bank will buy financial securities (typically government bonds). In 2013, every month the Federal Reserve would go into its computer and type 85,000,000,000