they create jobs, at least they believe...!

Fed knows more than any other organization about how to create millions of jobs, having done it in the 1960s and again in the 1980s and 1990s with blowing up experiences following the row of recessions and depression since its great independence. They also know how to stop job creation, they learned the hard way in the 1970s and the last three years. A weakening dollar and the threat of high tax rates cause small businesses to freeze….

Let’s have a look what exactly fed means by job creation.
When we say job in macroeconomics it means more production when other factors remain constant. If we keep those factors constant the unemployment rate will continue with producing more with fewer workers..

The answer lies in small businesses that take advantage of freedom, a sound currency and low tax rates. Anytime those three things are available, they hire like crazy.
In the 1970s, tax rates rose because inflation pushed US’s best producers into higher tax brackets. The tax code wasn't indexed for inflation, so it was an automatic tax hike.
Amazingly, it’s all back to 1970s again. Tax rates are scheduled to rise automatically at the end of next year, with a flood of proposals to accelerate and even increase those tax hikes. No wonder small businesses aren't hiring…
In Wednesday's Wall Street Journal, Christina Romer, chair of the President's Council of Economic Advisers, laid out her thinking on job creation. While the article is well-intentioned, her thrust is clear--to create jobs through government programs and public-private partnerships. Despite the massive 2009 stimulus and the Cash for Clunkers program, she correctly notes: "American businesses appear hesitant to hire and are producing more with fewer workers."
Rather than propose a stronger dollar to bring in capital, and lower top marginal tax rates to encourage private sector investment and hiring, she proposes "partnerships with the private sector," "harnessing the private sector" and techniques to "leverage scarce public funds." But no small business will increase hiring when harnessed more tightly to the government tax collector.
Deep in the article, there is a mention of small businesses, but no plan to offer them relief from their already-exorbitant tax "partnership" with Washington. Instead, Romer offers targeted Washington aid: "Others have suggested incentives to help small businesses invest, grow and create jobs. This could include measures to restore the flow of credit for small businesses and targeted tax cuts. In these types of ways, a moderate and targeted investment by the government might be leveraged into significant employment gains and purchasing power by small businesses."
Their voice is clear. Romer is advocating public-private partnerships and government jobs as America's path to lower unemployment. I am not forecasting, but I am sure, we are just in the half way, got a long way to go..!