Stimulus can also refer to monetary policies like lowering interest rates and quantitative easing. Another form of monetary stimulus was that of quantitative easing. These examine modern controversies including bank regulation, quantitative easing, and monetary policy more generally. He presided over a time of prosperity and the easing of Cold War tensions. He offered two different proposals for easing tensions. The Resolution Foundation described the step as a "significant easing of austerity". This added the side benefits of improving reliability and easing diagnostics. Trump called the interest rate increase and the reduction of bond-buying quantitative easing "insane". Critics frequently point to the redistributive effects of quantitative easing. On 28 April, the government announced a plan for easing lockdown restrictions. Economists such as John Taylor believe that quantitative easing creates unpredictability. These include credit easing, quantitative easing, forward guidance, and signaling. The government took the policy of quantitative easing, in 2001. This included a policy called People's Quantitative Easing. Both developments led to a succession of laws easing regulation.