Discussion board 3 money and banking! Monetary Policy: Quantitative Easing and Conventional Policy Here is another question that is very relevant to this class. How does monetary policy work under normal circumstances? After the 2007-2008 subprime crisis, the Federal Reserve implemented Quantitative Easing or Large Scale Asset Purchases. How does the Fed go about doing unconventional policy in non-normal times? PS: this is the final discussion question. You will need about 500 words (approximately) to answer this question. You must provide references.