September 21, the Federal Reserve announced the launch of a new program “distorted operation” (sell short-term debt to buy long-term debt). This new Fed policy instrument, following the implementation of two quantitative easing monetary policies, became the focus of attention at home and abroad. Chinese "Financial Times" correspondent interviewed Associated Professor Ma Ming, Department of Applied Economics, and Professors from Peking University, Tsinghua University, and Renmin University.

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