Andrew Levin on the Costs and Benefits of QE4 and the Future of the Fed’s Balance Sheet
Macro Musings with David Beckworth
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What Is the Theory of QE?
When the Fed began to talk up rate hikes and tightening policy, we did see a significant increase in long-term treasury yields. This raises so many interesting angles and directions I could go handy such as what is the theory of QE? Which version do you buy into? But I'll refrain from that because we've had a number of guests on the show in the past to debate and discuss that. There's deeper things here that we should talk about at some point.
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