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A decade of quantitative easing

A decade of quantitative easing

September 2018

After the sun, the storm. The US economy is weathering an unusually buoyant period. But increasing signs that the labour market is overheating are raising the likelihood of more aggressive Federal Reserve tightening. This would increase the probability that, in the next one to three years, the US will face a new recession - inciting the Fed to restart unconventional monetary policies. 

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