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You're listening to Money Talks on Economist Radio, our weekly podcast on the market, the

economy and the world of business.

I'm Ratchna Sharnbogue, finance editor at The Economist.

Today we'll explore what quantitative easing is, how it works and how it became part of

central bank's toolkits.

And I'll be reaching a turning point for QE.

But first, European and American stock markets are at record highs, as traders look ahead to

the two-day policy meeting of the US Federal Reserve.

The tech-heavy Nasdaq Index reached another record high yesterday, on Monday the 26th

of April.

And Nasdaq enjoyed a gain of 121 and the Nasdaq managed to outperform technology names leading

the charge.

The Nasdaq Nasdaq record closes, earning a season reaches a...

Earning season is kicking into gear, with big tech reporting results this week.

And they've already been strong performances from banks and Tesla, the electric carmaker.

There are now clear signs of a post-pandemic rally.

But what does the Fed make of America's economic recovery?

On the activity front, all the figures that we've received between now and the previous

Fed meeting have been very strong, Alice Fowood is our Wall Street correspondent.

...