In a week when markets have cringed at the mention of a retreat from the Fed's quantitative easing, or QE, we take a look at the history of the measure some have called a Jedi mind trick…with a little help from 'Star Wars.'
Juli Niemann, analyst with Smith, Moore & Company, joins Marketplace Morning Report host Jeremy Hobson to explain why the Federal Reserve is likely to continue with quantitative easing.
The Federal Reserve is finishing up a meeting today in Washington, to which many economists and investors are looking for signs of just how long the central bank intends to keep up its aggressive monetary easing.
Yesterday Federal Reserve Chief Ben Bernanke laid out the Fed's new economic stimulus plan. It's round 3 of so-called quantitative easing. The Fed will buy $40 billion worth of mortgage-backed securities every month, until it decides the economy has improved.
