Labels have evolved over the years, but here’s what you need to know about the Federal Reserve’s latest Treasury-buying plan
“When I use a word,” Humpty Dumpty said, in rather a scornful tone, “it means just what I choose it to mean—neither more nor less.”
Federal Reserve Chairman Jerome Powell is unlikely to respond to his critics with a line from “Alice Through the Looking-Glass,” but he should. The Fed is about to start buying $60 billion of Treasurys a month, and many are wondering if it is leading the charge back into quantitative easing, often known as money printing.
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