December Special Report Now Available!

Making Sense of the Fed's Unusual Move

With short-term interest rates already near zero, the Federal Reserve has announced an unusual plan to push down long-term interest rates, essentially by increasing the money supply. The controversial program, which calls for using newly printed money to purchase mortgage and government bonds, has ignited a debate over whether it will cause inflation, weaken the dollar, and help or harm the unemployment rate. This Special Report helps explain the confusing topic of quantitative easing and what could happen as the program unfolds.