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News Link • Federal Reserve

Everything (g)Old is New Again: What QE4 Means For You

• https://www.corbettreport.com, Corbett

. . . Well, sort of. They certainly aren't calling it "quantitative easing." Instead, as you might expect, they're couching this new round of phony-baloney paper promise printing in the language of financial gobbledygook that's guaranteed to get the public dozing off to sleep before they can finish the first paragraph. Observe the New York Fed's press release on the subject:

"In light of recent and expected increases in the Federal Reserve's non-reserve liabilities, the Federal Open Market Committee (FOMC) directed the Desk, effective October 15, 2019, to purchase Treasury bills at least into the second quarter of next year to maintain over time ample reserve balances at or above the level that prevailed in early September 2019. The Committee also directed the Desk to conduct term and overnight repurchase agreement operations (repos) at least through January of next year to ensure that the supply of reserves remains ample even during periods of sharp increases in non-reserve liabilities, and to mitigate the risk of money market pressures that could adversely affect policy zzzzzzzzzzzzz."


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