Business, 16.07.2021 21:10 bankskry

When you encourage consumption by inhibiting your interest rates from rising to their equilibriumâ level, you will in fact buyâ problems, and we have in fact boughtâ problems," Kansas City Fed President Thomas Hoenig said in his final speech in office. The Fed has cut rates to near zero and bought more thanâ $2 trillion in bonds to boost the economy. Required:
What are some of the problems that near zero interest rates and $2 trillion of quantitative easing have created?

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