Peter Stella on Fed Losses, Backdoor Fiscal Stimulus and Credit Easing
Macro Hive Conversations With Bilal Hafeez
00:00
The Fed's Philosophy of Credit Easing
The Fed never had a target or increasing the monetary base. It announced programs of buying assets, but it never had a preset number. "It's almost tragic that economists have lumped all the different central bank policies under one bank," he says.
Transcript
Play full episode
