He notes with a touch of irony that the most successful government programs today are food stamps and quantitative easing.
And it announced a new round of quantitative easing: every month it would buy $40 billion in mortgage-backed securities.
These efforts at quantitative easing have helped stock markets in several intended and unintended ways.
Republicans have tried for the last several years to make it seem as if quantitative easing is a tool of the hard left.
This month, the Federal Reserve unveiled its quantitative easing plan, nicknamed “ QE2.”
Feldstein correctly warned that rebound would flatten out in 2011 because quantitative easing was scheduled to end.
Chairman of the Federal Reserve: “quantitative easing it is!”
The objections to quantitative easing were generally pro forma and not particularly articulate.
quantitative easing, the program of buying bonds and mortgage-backed securities, has been a boon to stocks.
For their part, Democrats seemed to want to talk about everything but quantitative easing and monetary policy.