With QE3, which started in late 2012 and continues today, the Fed took a different approach. Instead of announcing a time limit, the Fed made the program open-ended, promising to buy tens of billions of dollars of assets per month for as long as it took for the economy to start growing again. The Fed said it was willing to tolerate inflation as high as 2.5 percent — above its 2 percent target. And the bank said it would keep interest rates at 0 percent for an extended period even after the economy began picking up.
Blogs I Follow
- Recent stories in The New Yorker
- Aldous Harding covers “Right Down The Line” by Gerry Rafferty
- Budget transparency at private universities: Some thoughts about SCU
- Why does SCU want to take the faculty unionization straight to the NLRB? Because they could reverse every unionization on every Jesuit and other “religious” university
- Tactics when confronting a Trump-appointee dominated NLRB: “three would-be unions withdraw petitions”
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