Question: When did the controller of monetary policy in the country Peterson is a top authority of a subject in start quantitative easing?

full_context: Document 1: Quantitative easing: The US Federal Reserve belatedly implemented policies similar to the current quantitative easing during the Great Depression of the 1930s. Specifically, banks' excess reserves exceeded 6 percent in 1940, whereas they vanished during the entire postwar period until 2008. Despite this fact, many commentators called the scope of the Federal Reserve quantitative easing program after the 2008 crisis ``unprecedented ''.
Document 2: United States dollar: The monetary base consists of coins and Federal Reserve Notes in circulation outside the Federal Reserve Banks and the U.S. Treasury, plus deposits held by depository institutions at Federal Reserve Banks. The adjusted monetary base has increased from approximately 400 billion dollars in 1994, to 800 billion in 2005, and over 3000 billion in 2013. The amount of cash in circulation is increased (or decreased) by the actions of the Federal Reserve System. Eight times a year, the 12-person Federal Open Market Committee meet to determine U.S. monetary policy. Every business day, the Federal Reserve System engages in Open market operations to carry out that monetary policy. If the Federal Reserve desires to increase the money supply, it will buy securities (such as U.S. Treasury Bonds) anonymously from banks in exchange for dollars. Conversely, it will sell securities to the banks in exchange for dollars, to take dollars out of circulation.
Document 3: Federal Reserve: The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
Document 4: Jeffrey Peterson: Peterson is considered to be amongst the top authorities on Hispanic Internet culture in the United States. He maintains a presence in a number of IT industry advisory roles. Peterson serves on the Hispanic committee of the Interactive Advertising Bureau in New York City. According to his public biography, he acts as a technology consultant to the Federal government of Mexico.In 2007, a scholarship fund was established at the University of Texas, San Antonio, in Peterson's name.  The fund grants scholarships to Hispanic students pursuing technology related degrees.Peterson, together with former MySpace CEO Richard Rosenblatt and PayPal co-founder Peter Thiel, was reported to be among the founding investors of Vator, with his $250,000 angel investment in the start-up company led by Filipina-American entrepreneur and former CBS Marketwatch lead internet reporter Bambi Francisco in May 2007.
Document 5: Peter Herlihy: Peter Herlihy, University of Kansas geographer, the Associate Director and Graduate Advisor, Latin American Studies, University of Kansas and field director of the controversial U.S. DOD funded México Indígena project known as the Bowman Expeditions, an initiative of the American Geographical Society to organize international teams of geographers to research potentially "important" place-based issues and restore the role of geographers as advisers to U.S. government foreign policy makers. The stated objective of the México Indígena project is to produce maps of the “digital human terrain,” of the region's indigenous peoples.
Document 6: LinkExchange: It was founded in March 1996 by 23-year-old Harvard graduates Tony Hsieh (who later went on to invest in and become the CEO of Zappos) and Sanjay Madan. Ali Partovi later joined them as a third partner in August 1996. In November 1996, when the company consisted of about 10 people, it moved from Hsieh's and Madan's living room to an office in San Francisco. In May 1997, the company received US$3 million in funding from Sequoia Capital.
Document 7: Great Depression: The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, originating in the United States. The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until 1941. It was the longest, deepest, and most widespread depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline.
Document 8: Federal Reserve: The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
Document 9: Ronaldo Lemos: Lemos is the director of the Institute for Technology & Society of Rio de Janeiro (ITSrio.org), and professor at the Rio de Janeiro State University's Law School. He is also a partner with the law firm Pereira Neto Macedo, and a board member of various organizations, including the Mozilla Foundation, Accessnow.org, and Stellar. He was nominated a visiting professor of Law, Technology and Policy at Columbia University´s School of International Public Affairs in 2017 and 2018 . He was appointed as a Young Global Leader by the World Economic Forum in 2015. He was appointed in November 2015 as a fellow by Ashoka, a civil society organization founded by Bill Drayton.
Document 10: Federal Reserve: Although an instrument of the U.S. Government, the Federal Reserve System considers itself ``an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. ''The federal government sets the salaries of the board's seven governors. The federal government receives all the system's annual profits, after a statutory dividend of 6% on member banks' capital investment is paid, and an account surplus is maintained. In 2015, the Federal Reserve made a profit of $100.2 billion and transferred $97.7 billion to the U.S. Treasury.
Document 11: Monetary policy of the United States: Though the Federal Reserve authorizes and distributes the currency printed by the Treasury (the primary component of the narrow monetary base), the broad money supply is primarily created by commercial banks through the money multiplier mechanism. One textbook summarizes the process as follows:
Document 12: United States dollar: The value of the U.S. dollar declined significantly during wartime, especially during the American Civil War, World War I, and World War II. The Federal Reserve, which was established in 1913, was designed to furnish an "elastic" currency subject to "substantial changes of quantity over short periods", which differed significantly from previous forms of high-powered money such as gold, national bank notes, and silver coins. Over the very long run, the prior gold standard kept prices stable—for instance, the price level and the value of the U.S. dollar in 1914 was not very different from the price level in the 1880s. The Federal Reserve initially succeeded in maintaining the value of the U.S. dollar and price stability, reversing the inflation caused by the First World War and stabilizing the value of the dollar during the 1920s, before presiding over a 30% deflation in U.S. prices in the 1930s.
Document 13: Monetary policy of the United States: Monetary policy concerns the actions of a central bank or other regulatory authorities that determine the size and rate of growth of the money supply. For example, in the United States, the Federal Reserve is in charge of monetary policy, and implements it primarily by performing operations that influence short - term interest rates.
Document 14: Pete Peterson: Douglas Brian "Pete" Peterson (born June 26, 1935) is an American politician and diplomat. He served as a United States Air Force pilot during the Vietnam War and spent over six years as a prisoner of the North Vietnamese army after his plane was shot down. He returned to Hanoi when he became the first United States Ambassador to Vietnam in 1997. He was an ambassador until July 2001, after which he devoted himself to philanthropic work.
Document 15: Federal Reserve: The Federal Reserve System is composed of several layers. It is governed by the presidentially appointed Board of Governors or Federal Reserve Board (FRB). Twelve regional Federal Reserve Banks, located in cities throughout the nation, oversee the privately owned U.S. member banks. Nationally chartered commercial banks are required to hold stock in the Federal Reserve Bank of their region, which entitles them to elect some of their board members. The Federal Open Market Committee (FOMC) sets monetary policy; it consists of all seven members of the Board of Governors and the twelve regional bank presidents, though only five bank presidents vote at any given time: the president of the New York Fed and four others who rotate through one - year terms. There are also various advisory councils. Thus, the Federal Reserve System has both public and private components. The structure is considered unique among central banks. It is also unusual in that the United States Department of the Treasury, an entity outside of the central bank, prints the currency used.
ground_truth: during the Great Depression of the 1930s
sub_queries: What nation is Peterson a top authority of a subject in? Answer: United States
who controls the monetary policy in United States Answer: the Federal Reserve
when did the Federal Reserve start quantitative easing Answer: during the Great Depression of the 1930s