About 75 percent of Americans couldn't identify the bond buying program from a multiple choice list. So it's not too late to ask: Quantitative Easing entails the FED buying bonds to keep interest rates down and encourage lending.
She’s had a distinguished career at the Fed and earned the respect of Nobel Prize winners. So why hasn't she been at the top of the White House's list all along?
The Fed buys billions of dollars worth of bonds each month to pump cash into our financial system. The question in front of the the Fed Board today: when should they start to slow the buying down.
There's a lot of noise about who's going to be the next chief of the Federal Reserve. We're more interested in what the Fed chair actually can do for the economy.