This research aims to determine whether the quantitative easing policy issued by the United States government to boost the United States economy during the Covid-19 pandemic has impacted stock price volatility on the Indonesia Stock Exchange (IDX), which resulted in the increasing number of individuals (retail) investors on the Indonesia Stock Exchange increased. This research examines using the theory of Financial Structure power by Susan Strange. The research method used in this research uses publicly available secondary and primary data taken through observations of the Indonesian stock market or JCI and interviews with experts or qualitative research. The quantitative easing policy taken by the United States government in 2020 to ease the economic burden during the COVID-19 pandemic made JCI volatility high, eventually affecting individual (retail) investors seeking opportunities in the high volatility of the Indonesian capital market.