http://www.nytimes.com/interactive/2015/03/04/business/economy/fed-2009-transcripts.html?ref=economy
This article from the New York Times discusses the policies of the Fed right after the 2008 crisis (The Great Recession) to arrest it in its early stages. The five year transcript talks about the steps that the Fed took and what called for those steps. The article is divided into periods.
January to March '09 was the period when quantitative easing was introduced. According to the article : Over the next six years, it will eventually amass more than $4 trillion in mortgage bonds and Treasury securities.
The article talks about the pros and cons of quantitative easing and what institutions were affected by it.
A must read for anyone who wants to understand the recent economics of the USA.
This article from the New York Times discusses the policies of the Fed right after the 2008 crisis (The Great Recession) to arrest it in its early stages. The five year transcript talks about the steps that the Fed took and what called for those steps. The article is divided into periods.
January to March '09 was the period when quantitative easing was introduced. According to the article : Over the next six years, it will eventually amass more than $4 trillion in mortgage bonds and Treasury securities.
The article talks about the pros and cons of quantitative easing and what institutions were affected by it.
A must read for anyone who wants to understand the recent economics of the USA.
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