Ben Bernanke out, Janet Yellen in. But, don’t worry, the same failed fiscal policy will continue chugging along. For those playing catchup, since 2008 the Fed has been using a practice called “Quantitative Easing” or QE. Since the interest rates have already been at or near 0%, it’s the Fed’s way of inflating the money […]
Tag: "Quantitative Easing"
The Federal Open Market Committee (FOMC), the monetary policy-making body of the Federal Reserve, is meeting for the second time in so many days to determine what actions, if any, to take to help America’s flagging economy. Ben Bernanke and the Federal Reserve are largely anticipated to institute another round of Quantitative Easing (QE3) as […]
Quantitative Easing is simply the introduction of money into the economy by a central bank. It has been done twice during the current recession with no positive effects and Ben Bernanke’s Federal Reserve seems ready to launch version three – often referred to as QE3. QE1 QE1 launched on November 25th, 2008 with a Federal […]