Did the Federal Reserve's quantitative easing add to M1?
A: Quantitative easing (QE) is an unconventional monetary policy tool that the Federal Reserve, the U.S. central bank, engaged in from November 2008 to October 2014. During that time, the Fed used newly created money to purchase Treasuries, mortgage-backed securities and debt issued by Fannie Mae and Freddie Mac from its member banks. All told, the central bank increased its assets by $3.6 tr...