Author Danielle DiMartino Booth argues that it is iimportant that people understand the way central bank policies affect their lives. Her recent book reveals how the Fed has lost its way due to creating monetary policy based on market patterns and politics instead of economic metrics. She argues that the Fed is increasingly becoming backed into a corner ever since the money printing of 2008 with the introduction of “Zero Interest Rate Policies” and “Quantitative Easing.” Now the Fed has again become dovish over seemingly small corrections occurring in the markets.
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