2min chapter

The FRONTLINE Dispatch cover image

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

The FRONTLINE Dispatch

CHAPTER

The Fed's Taper Tantrum

Muhammad Al-Aryan was running the largest bond fund in the world at the time. He shared with them his concerns that markets were becoming dangerously addicted to Fed's easy money. His prediction played out in 2013, when after multiple rounds of quantitative easing,. totaling more than $2 trillion, Bernanke signaled the Fed might start to taper off.

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