RSS SubscribeWarming Up the Printing Presses
By MN Gordon – Economic Prisim
The Federal Reserve is up to its old money printing games once again…
Earlier this month it quietly purchased a cool $43.6 billion in U.S. Treasuries. This included $8.8 billion in 30-year Treasury bonds on May 8. Several days before that, it bought $20.4 billion in 3-year Treasury notes and $14.8 billion in 10-year Treasury notes.
What’s going on? Isn’t the Fed supposed to be tightening – not easing – its balance sheet?
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