A year later, Ben Bernanke, 2 then a Governor at the USFederal Reserve, delivered a speech in which he laid out what he regarded as the most striking economic development in the past 20 years: the extreme economic stability in the industrial countries.
•  Additional stimulus could be provided through quantitative easing, which involves the creation of central bank reserves to purchase financial assets and/or credit easing, which includes outright purchases of private sector assets. BIS Review 50/2009  1  •  If the Bank were to deploy either quantitative easing or credit easing, it would act in a deliberate and principled fashion.