The new PBS Frontline documentary, “Age of Easy Money” traces how the Federal Reserve’s unprecedented monetary experiment has both helped and hurt the American economy. Beginning in 2008, the Federal Reserve stepped in to prop up a banking system on the verge of collapse. In the decade that followed, with low interest rates and massive infusions of cash into the system, the Fed enabled a bull stock market and bubbles in the housing, financial and technology markets. But now, three years after its efforts to keep the economy afloat during the pandemic, it seems the party may be over. Inflation and rising interest rates have rattled the market, and experts believe a historic course correction may be imminent. We’ll talk about the documentary, the consequences of Federal Reserve policy, and take your questions.
'Age of Easy Money' Explores Federal Reserve’s Monetary Experiment and Its Impact on the Economy
Federal Reserve - Central Banking (Douglas Rissing via Getty Images)
James Jacoby, director, producer, correspondent; Frontline - Jacoby's latest film is "Age of Easy Money." Jacoby has won an Emmy award for his previous film "Amazon Empire," and a Peabody award for his film "The Facebook Dilemma"
Anya Bourg, producer, Frontline - Bourg is a producer and writer on the new Frontline documentary "Age of Easy Money." She has previously worked on "The Facebook Dilemma" and prior to joining Frontline, spent a decade at "60 Minutes"