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What Is Quantitative Easing?
"Quantitative easing is an unconventional monetary policy tool used after conventional tools have become ineffective," Nancy Davis, portfolio manager of the IVOL ETF and founder of Quadratic Capital, told Fortune in November 2019. Quantitative easing (QE) by the Federal Reserve, America's central bank, is an unconventional monetary policy tool. QE is when the Fed deliberately grows its balance sheet by purchasing assets such as government bonds and mortgage-backed securities (MBS) in the open market. The move, which increases the money supply, is intended to lower longer-term interest rates, stimulating lending ... (full story)