Quantitative Easing in the USA
In this video, Tim describes the response of the United States to the Great Recession of 2007-2009. He explains the response of the Federal Reserve and the impact of their monetary stimulus.
Overview
The Federal Reserve unleashed an unprecedented amount of stimulus and reforms, mainly equity injections into nine systemically important “too big to fail” banks, and toxic asset funding at the onset of the financial crisis which restored the US economy to a firm footing, and eventually to growth. This is evident as Nominal GDP in the US increased from $14.6tn in 2009 to $20.8tn in 2018.
Key learning objectives:
How did the Fed initially respond to the financial crisis?
How did the Fed unwind QE?
How successful were the three programmes of QE?
Summary
Expert
Tim Hall
Tim has nearly 30 years of experience in the international capital markets at major global institutions and has worked both on the buy-side and the sell-side. He has worked with numerous companies, banks and governments in developed and emerging markets on investment grade and high yield bond issues, from straight-forward to very complex acquisition/leveraged financings. Tim has also been on the board of a UK “challenger bank.” Tim has an MBA from the Wharton School, and is a CFA.
20:07
