Resumen de The Fed’s unconventional monetary policy

Martin S. Feldstein

• The article focuses on the unconventional monetary policy of the U.S. Federal Reserve, which aims to lower long-term interest rates by acquiring long-term financial assets and promising to keep short-term rates close to zero for a long period of time. Topics discussed include the difference between the 2008 recession and economic downturns caused by the Federal Reserve and risks created by the unconventional monetary policy when interest rates return to normal.