Currency is valueless, and it is all about the confidence of the people in it. Since the start of the economic crisis in 2007, the Federal Reserve has juxtapositionaly employed conventional and non-conventional monetary policies to caution the effects of such crisis on economic activities and stabilize the financial market. Price stability and maximum employment were necessary for the nation and the world that uses the US dollar as the standard. To achieve this, the Federal Reserve turned to Large Scale Asset Purchases. Although the ends of all the policies formulated are the same, ambiguity shrouds the means to ...
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