And up until the Great Financial Recession, the Fed's balance sheet was always consistent from its beginning. They had enough money there to manage the money flows in and out of the banking system for the economy. Because of the Great Financial Recession, they entered into something called quantitative easing. I'm going to give you a quick refresher course. I know those who have come regularly have heard this before. What is quantitative easing? (1:05:44–1:05:50)
CLAIM
Asserts that the Federal Reserve began quantitative easing due to the Great Financial Recession.
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