How Might the U.S. 'Quantitative Easing' Develop?

摘要

A continuation of the current policy of bond purchases known as quantitative easing is highly probable under Janet Yellen, who is likely to be confirmed as the successor to Federal Reserve chair Ben Bernanke. The authors assess the probable outcomes for interest rates, which they think will not rise significantly until late 2015, and believe that even a premature end to QE will not result in serious recession or inflation.