The Fed develops a new tool for raising interest rates

Published March 10, 2014 12:00am ET



By initiating the tapering of the Federal Reserve’s quantitative easing program, former chairman Ben Bernanke left office knowing he had set in motion the process that would ultimately wind down the Federal Reserve’s massive balance sheet and return to more normal times.

But the taper won’t be Bernanke’s only legacy in terms of reversing the stimulus measures he undertook in trying to counteract the Great Recession.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.