The Dustbin Of Post-Panic History: QE Finally Joins The ‘Stimulus’ Bill

By |2014-07-09T15:52:49-04:00July 9th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

The FOMC policy statement confirms without much doubt that there has been a major shift in conditions and outlook. To reiterate in what cannot be overstated, the purpose of implementing QE was to create economic conditions that conformed to the historical understanding of economic growth. If not so much 1995, Bernanke’s FOMC wanted to return to at least 2005 and [...]