Is There a Progressive Case Against Quantitative Easing?

Ever since Fed Chair Jerome Powell announced the Fed’s rescue package at the start of the pandemic, many progressives have criticized it for favoring the rich. The idea was that, in addition to pushing the short-term federal funds rate to zero, Powell …

Ever since Fed Chair Jerome Powell announced the Fed’s rescue package at the start of the pandemic, many progressives have criticized it for favoring the rich. The idea was that, in addition to pushing the short-term federal funds rate to zero, Powell also engaged in large-scale purchases of long-term bonds. These bonds included government bonds, More

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This content originally appeared on CounterPunch.org and was authored by Dean Baker.


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Dean Baker | Radio Free (2021-10-23T20:04:39+00:00) » Is There a Progressive Case Against Quantitative Easing?. Retrieved from https://www.radiofree.org/2021/07/30/is-there-a-progressive-case-against-quantitative-easing/.
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" » Is There a Progressive Case Against Quantitative Easing?." Dean Baker | Radio Free - Friday July 30, 2021, https://www.radiofree.org/2021/07/30/is-there-a-progressive-case-against-quantitative-easing/
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Dean Baker | Radio Free Friday July 30, 2021 » Is There a Progressive Case Against Quantitative Easing?., viewed 2021-10-23T20:04:39+00:00,<https://www.radiofree.org/2021/07/30/is-there-a-progressive-case-against-quantitative-easing/>
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Dean Baker | Radio Free - » Is There a Progressive Case Against Quantitative Easing?. [Internet]. [Accessed 2021-10-23T20:04:39+00:00]. Available from: https://www.radiofree.org/2021/07/30/is-there-a-progressive-case-against-quantitative-easing/
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" » Is There a Progressive Case Against Quantitative Easing?." Dean Baker | Radio Free - Accessed 2021-10-23T20:04:39+00:00. https://www.radiofree.org/2021/07/30/is-there-a-progressive-case-against-quantitative-easing/
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" » Is There a Progressive Case Against Quantitative Easing?." Dean Baker | Radio Free [Online]. Available: https://www.radiofree.org/2021/07/30/is-there-a-progressive-case-against-quantitative-easing/. [Accessed: 2021-10-23T20:04:39+00:00]
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» Is There a Progressive Case Against Quantitative Easing? | Dean Baker | Radio Free | https://www.radiofree.org/2021/07/30/is-there-a-progressive-case-against-quantitative-easing/ | 2021-10-23T20:04:39+00:00
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