3 ms·

It is QE

• 0x00000000 7y ago
  It’s really funny how insistent the Fed is on it not being QE so they don’t scare anyone. “Powell has been adamant in pointing out that the T-bill purchases, though aimed at expanding the Fed's balance sheet and, correspondingly, bank reserves, this should not be confused with the quantitative easing that occurred during and after the financial crisis.“ https://www.cnbc.com/2019/10/11/the-fed-is-extending-its-overnight-funding-operations-through-january-2020.html https://www.cnbc.com/2019/10/11/the-fed-is-extending-its-ove...