It's been almost two decades since the Federal Reserve, America's central bank, first used quantitative easing (QE), an unconventional monetary policy tool. As Nancy Davis, portfolio manager of ...

This chart illustrates the complete history of the Federal Reserve's quantitative easing program, along with Goldman Sachs chief economist Jan Hatzius's forecast for how "QE3" will be wound down.

With no room left to further lower interest rates, the BOJ subsequently adopted a series of “unconventional monetary policy measures,” including quantitative easing, in which the central bank ...