quantitative easing양적완화
Large-scale purchases of government bonds and other assets by a central bank, paid for with newly created reserves, to push down long-term interest rates when the policy rate is already near zero.
In these articles
- The record backs Warsh on 2021 and 2013 but not against forward guidance as such
Here: the Fed's 2010 second round (QE2), which Warsh opposed, and the 2020–22 pandemic purchases.