They Could've Just Given $56,000 to Every U.S. Household

They Could've Just Given $56,000 to Every U.S. Household

The Federal Reserve has been conducting a grand experiment since the U.S. economy tumbled into the Great Recession. After the housing market collapsed in 2008, the Federal Reserve lowered interest rates to rock bottom levels in hopes of boosting borrowing and spending. It also went a step further, buying trillions of dollars in Treasury bonds and mortgage-backed securities with the hope of boosting the housing market and therefore the economy.

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