Publication

This report analyzes the economic effects of the programs adopted by the Federal Reserve (Fed), in the aftermath of the "Great Recession" and the ensuing weak recovery. The report touches upon the economic context in which these policies have been adopted, policy alternatives that the Fed has not pursued to date and their potential effects as well as potential legislative options for restricting the Fed’s pursuit of unconventional monetary policy, and issues surrounding the eventual “exit strategy” from unconventional policy.