In the middle of last week, the Federal Reserve announced that it will end quantitative easing, a bond-buying program the central bank implemented during the financial crisis to boost the housing market and overall economy.
Over the past few years, the policy has generated considerable controversy. Early on, prominent analysts and commentators claimed that it would trigger hyperinflation akin to Germany between the world wars -- which obviously didn't happen. And more recently, policymakers have begun to question whether it accomplished anything at all.
In this week's financials-themed episode of Where the Money Is, The Motley Fool's Alison Southwick interviews senior banking specialist John Maxfield about the costs and benefits of the unusual monetary program. Check out the following video to see what they have to say about it, as well as about two other top news stories from the past week.
Alison Southwick and John Maxfield have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple, Bank of America, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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