The Fed's actions speak louder than its words, which is why bond buying is here to stay
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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