The Fed's Latest Move, And What It Means The Federal Reserve on Wednesday unveiled a new plan to pump more money into the economy, announcing it would buy $600 billion worth of long-term Treasury Bonds. The Fed's move was sufficiently dramatic that Fed Chairman Ben Bernanke took to the op-ed page of The Washington Post to explain what the Fed did -- and why.
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The Fed's Latest Move, And What It Means

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The Fed's Latest Move, And What It Means

The Fed's Latest Move, And What It Means

The Fed's Latest Move, And What It Means

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  • <iframe src="https://www.npr.org/player/embed/131074449/131070953" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The Federal Reserve on Wednesday unveiled a new plan to pump more money into the economy, announcing it would buy $600 billion worth of long-term Treasury Bonds. The Fed's move was sufficiently dramatic that Fed Chairman Ben Bernanke took to the op-ed page of The Washington Post to explain what the Fed did -- and why.

Economists call this "quantitative easing." Critics call it printing money. For more on how this is supposed to work, NPR's Robert Siegel talks to Laurence Meyer, a former governor of the Federal Reserve System.