Former Fed Trader: Rate Hikes Will Crash Markets | Joseph Wang
Forward Guidance
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Quantitative Easing and the Great Financial Crisis
The Federal Reserve started quantitative easing during the great financial crisis. Joseph, can you explain why they did that policy of quantitative easing? There was something, you know, typically they can raise rates to tighten credits, lower rates to loosen credit. Why was it that they had to resort to this other thing?
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