Narrated and produced by Dr. Joeri Schasfoort (University of Groningen)
The Federal Reserve says it will accelerate the wind-down of its bond-buying program, the biggest step the central bank has taken in reversing its pandemic-era stimulus. Here’s how tapering works, and why it sends markets on edge.
When COVID-19 struck, the Federal Reserve stepped in to try to avert economic crisis. As the country’s central bank continues to pump billions of dollars into the financial system daily, who is benefiting and at what cost? FRONTLINE investigates “The Power of the Fed” — and how the central bank’s actions have played out over […]