By re-purposing these funds, the Fed would not have to engage in further quantitative easing but may be able to further stimulate the real economy with funds already in existence and thus place no, or at least minimal, additional risk on the tax payer.
ChartObject Federal Funds Target RateAccording to Investopedia, quantitative easing is a government monetary policy occasionally used to increase the money supply by buying securities, such as U.S. Treasury Bonds, in the open market.