150 word min

Take a close look at pp. 246-248......Recent US Monetary Policy & Financial Crisis: the Fed responds. The Fed bought bonds as part of the Quantitative Easing (QE) program/action that was used in 2007-2008 i.e $2.96 trillion! More money was pumped into the economy than the 3 phases of the current CARES Act! In 2007-2008 the Fed created 8 different credit facilities to boost the economy (see p. 248). QUESTION # 8: THIS PAST SPRING, THE FED STARTED "REPURCHASE AGREEMENTS" (repos) BY LENDING DOLLARS TO FOREIGN CENTRAL BANKS TO GET DOLLARS INTO THE INTERNATIONAL & US ECONOMY. HOW WILL THESE "REPOS" BENEFIT OR HELP THE DOMESTIC ECONOMY