The main idea being discussed in the article, “The Fed’s Unconventional Monetary Policy” is that the methods used to get out of the recession experienced in 2007 to 2009 are not viable options to use again. The after effects of long-term buying of bonds and near zero interest rates are grave. It is putting us back in the same situation that triggered the great recession with high prices of stocks, too many low quality bonds, and high prices in commercial real estate. I agree with Martin Feldstein, the Fed needs to be very careful in the use of unconventional monetary policy. It could end up doing us more harm than good in the coming years. The yield on government bonds has greatly been driven down because of these very low interest rates. Yield
