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October 29, 2014

How well did the Fed's stimulus work?

  • Economists have plenty of quibbles, but many agree that the Fed accomplished the bulk of its goals with quantitative easing, or QE.
    • By MATTHEW CRAFT
    AP Business Writer

    NEW YORK — Soaring inflation. A collapsing dollar. Bubbles in financial markets that would soon pop. One presidential candidate even suggested that the Federal Reserve chairman should be roughed up.

    Over the past five years, as the Fed has pumped ever-more money into the financial system, critics have warned that it would lead to all kinds of disasters. Yet the central bank kept extending its bond-buying program, known by the wonky name of quantitative easing, or QE.


     
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