Federal Reserve Announces Third Round of Quantitative Easing

As expected, the Federal Reserve launched new measures Thursday aimed at jolting the sluggish U.S. economy. The program is designed to keep interest rates at record lows for the next two and a-half years, stimulate borrowing and spur hiring. But as Mil Arcega reports, Federal Reserve chairman Ben Bernanke says it's not a panacea for everything that ails the U.S. economy.