How the Federal Reserve's QE Has Contributed to Inequality

The video discusses the effects of quantitative easing (QE) on banks and the broader economy. Initially intended to help Main Street, QE primarily benefited large banks and wealth holders. The discussion covers the political and economic context, highlighting the limited impact on employment and income distribution. The video critiques QE's effectiveness and suggests alternative policies, emphasizing the need for targeted credit policies to support communities and small businesses. The Federal Reserve is encouraged to explore new allies and constituencies to implement more effective economic measures.

How did the Federal Reserve's policies during the crisis impact income distribution according to Epstein?

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What recommendations did Epstein make regarding the Federal Reserve's approach to credit distribution?

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What role did fiscal policy play in the context of the Federal Reserve's monetary policy decisions?

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What historical context did Epstein provide regarding the Federal Reserve's ability to implement targeted policies?

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