The End of Quantitative Easing
Quantitative easing has been the topic of many a debate since it began, but experts on both sides agree that the impact – and perceived impact – of ending this intervention will play an important role in the future of the U.S. economy. This unconventional and often misunderstood monetary policy has been credited with allaying the financial crisis of 2008, when it was used for the first time in the U.S. Now that the Federal Open Market Committee has begun to taper its third round of quantitative easing, what lies ahead?
On February 4, 2014, economic policy experts E. Gerald Corrigan, Partner and Managing Director, Goldman Sachs & Co., Former President of the Federal Reserve Bank of New York and Former Vice-Chairman of the Federal Open Market Committee; Thomas Sargent, William R. Berkley Professor of Economics and Business, Stern School of Business, New York University and recipient of the 2011 Nobel Prize in Economic Sciences;
V.V. Chari, Director of the Heller-Hurwicz Economics Institute, the Paul Frenzel Land Grant Professor of Liberal Arts, University of Minnesota Department of Economics and an adviser at the Federal Reserve Bank of Minneapolis; and moderator Gary Stern, Former President of the Federal Reserve Bank of Minneapolis discussed the implications.
See photos from this event.