The Brookings Institution hosts a discussion with recently appointed Federal Reserve Governor Jeremy Stein.
The Federal Reserve announced in mid-September that it would undertake further large-scale asset purchases, known as “quantitative easing,” to provide support to the U.S. economy. While designed to ease financial conditions, some believe quantitative easing carries risks and it has caused some controversy.
Karen Dynan, Brookings Institution vice president and co-director of Economic Studies, makes introductory remarks and Brookings Senior Fellow Donald Kohn moderates the question and answer session with Stein.
Jeremy Stein took office on May 30, 2012. Prior to his appointment, he was a professor of Economics at Harvard University and served in the Obama administration as a senior adviser to the Secretary of the Treasury and on the staff of the National Economic Council.