The effectiveness of the Federal Reserve’s $300 billion Treasury securities purchase programme has been subject to much scrutiny since its launch in March. But as former Fed governor Laurence Meyer explains, the debate should extend beyond a simple analysis of the effect on yields.
The Federal Reserve’s $300 billion Treasury securities purchase programme, announced on March 18, 2009, has been a bone of contention since its inception. The scheme was intended to “improve conditions in private cred
The week on Risk.net, July 7-13, 2018Receive this by email