'Age of Easy Money' Explores Federal Reserve’s Monetary Experiment and Its Impact on the Economy

KQED's Forum · Mar 21, 2023 · 55m

The new PBS Frontline documentary, “Age of Easy Money” traces how the Federal Reserve’s unprecedented monetary experiment has both helped and hurt the American economy. Beginning in 2008, the Federal Reserve stepped in to prop up a banking system on the verge of collapse. In the decade that followed, with low interest rates and massive infusions of cash into the system, the Fed enabled a bull stock market and bubbles in the housing, financial and technology markets. But now, three years after its efforts to keep the economy afloat during the pandemic, it seems the party may be over. Inflation…