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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Qe
Brian Deibert: In previous QE rounds, FOMC officials had a bigger sense of humility or they acknowledged their uncertainty. He says in this round, what you sensed was that they were completely focused and just pedal to the metal-type attitude. Deiberts: There should have been more thought ex ante about the limits of it, what it can accomplish,. Maybe even a roadmap as to where they hope to go with that.
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