The Power of the Fed: https://www.pbs.org/wgbh/frontline/film/the-power-of-the-fed/ and answer at least 7 questions as explained below the dotted line. To offer assistance, an indication has been made for some of the questions, as to which part of the movie (starting at which minute) the material/information for that question can be found. Throughout this film, references and comparisons are made with the 2007-2008 mortgage and financial crisis, which led to the Great Recession (Dec 2007 - June 2009), and the response of the Fed to prevent our economy from entering a Great Depression. More than a decade later, the role of the Fed is still at the center of this film, while we experience the economic recovery from the pandemic induced recession, with inflationary pressures building up and unemployment rates declining across the nation.

Q1. What were the objectives of the Fed in dealing with the mortgage crisis leading to foreclosures and job losses across the nation? You are encouraged to use additional reliable sources of information besides the film.

Q2. Why was Professor Joseph Stiglitz concerned about the "trickle-down economics" effects of the QE? (min 15)