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It also works against the Federal Reserves stated policy of shrinking their balance sheet due to inflation.
by slv77 4y ago
It also works against the Federal Reserves stated policy of shrinking their balance sheet due to inflation.
- pishpash 4y agoI do think it's somewhat clever. It basically lets the private banking sector control the pace of QT. If liquidity dries up somewhere in the system it does a one-year targeted QE.