2min chapter

The FRONTLINE Dispatch cover image

Age of Easy Money (Full-length Film Audio Track)

The FRONTLINE Dispatch

CHAPTER

The Fed's Plan to Help the Average American

The Fed's idea was the banks would be taking that money and lending it effectively at lower interest rates. Instead they were just investing in the same bonds that the Fed was buying, he says. "I wasn't seeing larger structural reform in favor of the average American"

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