“The fact that financial markets responded in very similar ways … lends credence to the view that these actions had the expected effects on markets and are thereby providing significant support to job creation and the economy.”
- Ben Bernanke defends the idea that markets and the economy respond significantly to quantitative easing
“... it will be like watching paint dry, that this will just be something that runs quietly in the background.”
- Janet Yellen refutes the idea that markets and the economy respond significantly to quantitative tightening
It doesn’t take much calculation to