The Fed’s quasi-fiscal policies

posted by
February 8, 2012
Ludwig von Mises Institute
by David Howden  
Posted in Commentary

"The policies that the Fed embarked on in late 2007 are a sharp departure from the old way of performing monetary policy. In fact, it is difficult to state that the Fed is any longer in the business of traditional monetary policy -- understood in the United States as aiming for low inflation and smoothed output volatility. " (02/08/12)  

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