Which of the following Fed policy actions left the date for completion open,based on achieving particular employment objectives?

Question

Quizplus · Accepted Answer

QE3 (quantitative easing round 3) left the date for completion open and was based on achieving particular employment objectives. The Federal Reserve announced that it would purchase $40 billion in mortgage-backed securities per month until the labor market improved substantially. The program did not specify an end date but instead ended when the Fed decided that the labor market had improved enough.

Which of the Following Fed Policy Actions Left the Date