In this TV segment I use the term "open market operations" when discussing "quantitative easing". To clarify: In essence, the two are the same, except for the fact that "open market operations" is the regular practice of buying and selling (with banks) short-term debt to control the Fed Funds Rate (the rate banks pay one another for very short-term loans). "Quantitative Easing" is the buying of longer dated debt in an effort to reduce longer-term interest rates and injectlend-able (for mortgages, etc.) capital onto bank balance sheets...
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