15min chapter

Wealthion - Be Financially Resilient cover image

Dennis Lockhart on the 2008 Crisis, Fed Policy & Today’s Economy

Wealthion - Be Financially Resilient

CHAPTER

Navigating Quantitative Easing and Interest Rates

This chapter explores the complexities of quantitative easing (QE) and its implementation during the 2008 financial crisis, alongside the decision-making processes of the Federal Open Market Committee. The discussion extends to the normalization of interest rates, contrasting historical levels with current adjustments, and the implications of both quantitative easing and tightening on the economy. Additionally, the chapter highlights concerns surrounding U.S. deficit spending and its potential long-term effects, particularly on middle and lower-income individuals, amidst an election year when fiscal responsibility is often overlooked.

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