My most recent article at CBSNews.com’s MoneyWatch takes a look at how the Federal Reserve has freed up money to help the economy, by using a few techniques such as quantitative easing. Namely, the Fed’s “primary duties are to pursue its dual mandate for maximum employment and stable prices,” I write.
“…while quantitative easing can impact the economy, it is not as powerful as traditional ‘price easing,’ or interest rate lowering policy. Thus, quantitative easing may be able to ease a recession somewhat. But as we are seeing right now, it is not enough by itself to spur the economy to a speedy return to full employment.”