Question: Describe the bond-purchase program.Implemented during the recent pandemic. Mary C. Daly, president of the Federal.Reserve Bank of San Francisco said If we need to offer

Describe the bond-purchase program.Implemented during the recent pandemic. Mary C. Daly, president of the Federal.Reserve Bank of San Francisco said "If we need to offer more support or we need to prop up the support that we've offered, we can use Q.E. for that, including changing the duration."

Why was a change in duration explored?

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The bondpurchase program also known as quantitative easing QE is a monetary policy tool implemented by central banks to stimulate the economy during times of financial crisis or economic downturns It ... View full answer

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