Fed Announces End of Quantitative Easing

Last Thursday, the Federal Reserve announced the conclusion of its Large Scale Asset Purchase program, commonly known as Quantitative Easing. Quantitative Easing, or QE, is an unconventional monetary policy tool used by the Fed in response to the Great Recession. QE leaves a mixed legacy. On one hand, it boosted the American economy, reduced unemployment, and prevented a deflationary spiral. On the other hand, it exposed our economy to a number of systemic risks.

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