The Fed's actions speak louder than its words, which is why bond buying is here to stay
- May 22, 2017
- Eric Swanson, economics, Business Insider, May 22, 2017
That's the finding of a new paper from Eric Swanson, a professor at the University
of California at Irvine who is a former researcher at the San Francisco Fed. … Swanson
found that while big announcements from the Fed might have a temporary effect on short-term
yields, the impact of bond buys, which totaled in the trillions and quintupled the
Fed's balance sheet to about $4.5 trillion in assets, was deeper and longer-lasting.
For the full story, please visit http://www.businessinsider.com/fed-forward-guidance-compared-to-quantitative-easing-swanson-paper-2017-5.
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