Fort Fun Indiana
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- Mar 10, 2017
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Well that was a quick surrender and retreat.../——/ The one right after men perverts can use the little girls room./----/ A lot of liberal gibberish that dodges my question: if Obozo declared the recession over in 2009, why did the Fed maintain QE for another 8 years?GetYes. Thanks for asking!Well Sparky, if Obozo declared the recession over in 2009, why did the Fed maintain QE for another 8 years? Any reason for that ?
Get educatedYes. Thanks for asking!Well Sparky, if Obozo declared the recession over in 2009, why did the Fed maintain QE for another 8 years? Any reason for that ?
The bureau took care to note that the recession, by definition, meant only the period until the economy reached its low point — not a return to its previous vigor.
“In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity,” the bureau said. “Rather, the committee determined only that the recession ended and a recovery began in that month.”
The committee had previously met in April to consider whether an end to the recession could be declared, but members decided that the data were still inconclusive. Since then, however, the Bureau of Economic Analysis has released revised numbers for output and income growth over the last year, and the addition of this new information helped push the committee toward declaring an official turning point.
“That gave us the definitive picture of what happened in 2009,” said Robert J. Gordon, a member of the committee for over 30 years and an economics professor at Northwestern. “At this point we’re not going to get any new information to consider until July 2011. So we knew that if we’re going to do anything, we should probably do something now.”
Professor Gordon also said that nearly every indicator that the committee looked at simultaneously reached its low point in June 2009, which made that month a relatively easy selection as the official turning point. The main exception to this trend was employment, which hit its trough six months later, in December 2009.
Where is the rule that QE can only be applied while in active recession?