Ben Bernanke called this approach ``credit easing'', possibly to distinguish it from the widely used expression Quantitative easing, which however originally also referred to the expansion of ``credit creation'' (reference: Richard Werner, Keizai Kyoshitsu: Keiki kaifuku, Ryoteiki kinyu kanwa kara, Nikkei, Nihon Keizai Shinbun, 2 September 1995) . In a March 2009 interview, he stated that the expansion of the Fed balance sheet was necessary ``...because our economy is very weak and inflation is very low.
Ben Bernanke
Richard Werner