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Quantitative Easing: A New Way to Stimulate the Economy
The Federal Reserve is using all available tools to stimulate economic activity. Richard Fisher: Quantitative easing was championed by Ben Bernanke, then the Fed chairman. QE was an experimental way for the Fed to inject money into the financial system and lower long-term interest rates. It's almost like alchemy. You can create money out of thin air if you're at the central bank.