The Fed is buying treasury bonds…

An old system under a new name.

After the Great Financial Crisis (GFC) of 2007–2008, the Federal Reserve implemented quantitative easing (QE) to stabilize the economy, restore confidence in financial markets, and spur growth.

Back then, the Fed's QE programs involved large-scale asset purchases injecting liquidity into the economy when short-term interest rates were already near zero.

Here's what happened:

The GFC was triggered by the collapse of Lehman Brothers and a housing market crash, which froze credit markets and pushed the economy into a deep recession.

Unemployment peaked at 10% and…

There was a whole big, financial mess to clean up.