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During a panel discussion, Randal Quarles, who was then a memberof the Fed's Board of...

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Economics

During a panel discussion, Randal Quarles, who was then a memberof the Fed's Board of Governors, observed: "The point about QE whenwe reach the zero lower bound is it's a game changer." Source:"Transcript: Panel Discussion With Fed's Quarles at HooverInstitution Conference," Wall Street Journal. a. How does the Fedimplement quantitative easing (QE)? The Fed implements QE by

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