QE1

QE1 is a nickname developed to refer to the first round of quantitative easing the Fed launched to promote stronger growth in America post financial crisis of 2008. On November 25, 2008 the Fed announced that it will purchase Government Sponsored Enterprises (GSE) debt of $100 billion and Mortgage-Backed Securities (MBS) of $500 billion. And On March 18, 2009, the size of these purchases were increased to GSE of $200 billion and MBS of $1.25 trillion, respectively. Purchase of $300 billion of longer-term Treasury securities was also announced on March 18, 2009.