DLBS - Quantitative Easing On Demand
Some things are worth repeating so that their potential effects may be fully appreciated. San Francisco Fed President Mary Daly recently said that the U.S. central bankers are currently debating whether it should confine its controversial tool of bond buying to purely emergency situations or if it should turn to that tool more regularly.
She said,
In the financial crisis, in the aftermath of that when we were trying to help the economy, we engaged in these quantitative easing policies, and an important question is, should those always be in the tool kit, should you