“The sky will fall. Inflation will soar. Money will be worthless. Stocks will crash. Auto sales will plummet. And Indiana’s economy will go into the tank again.”
That is the dire prediction of many who fear the Federal Reserve (the Fed) cutting back its quantitative easing (QE) policy.
If my experience is correct, very few Hoosiers know about QE other than as shorthand for Queen Elizabeth. This quantitative easing is how our federal central bank has been fighting to keep our financial institutions from failing and to stimulate the economy.