About this document
Understanding the Fed by rajendra044 is a document available to read on EtoBox.
The Fed has begun tapering its quantitative easing program by reducing its monthly purchases of assets from $85 billion to $75 billion. Quantitative easing involved the Fed purchasing government and mortgage bonds to lower long-term interest rates and increase liquidity in the financial markets since it could no longer lower rates further. The Fed felt the economy was strong enough based on recent economic data to begin tapering its asset purchases but will not end the program entirely and does not plan to
- Author
- rajendra044
- Language
- EN