A report presented Friday by economists at the U.S. Monetary Policy Forum questioned the effectiveness of the Federal Reserve’s asset purchases during the 2008 financial crisis. The conference is held annually at the University of Chicago Booth School of Business, ...
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St. Louis Fed Casts Doubt on the Effectiveness of QE and Zero Interest Rate Policy
In a recently released white paper analyzing actions taken by the Federal Reserve in the immediate aftermath of the 2008 financial crisis, St. Louis Fed VP Stephen D. Williamson questions a few of the central bank's policies and the effect they have had on the economy.
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