The Federal Reserve will buy bonds. But this is not QE.
Is the Fed following Donald Trump? It is lowering the rates, but not for the US victory in the trade war and not for accelerating the GDP growth up to 3%, it is rather insurance. It is about to restart the assets purchasing program, but Jerome Powell makes it clear that it is not QE, which was called for by the US president. The Fed will purchase Treasury securities in an effort to stabilize the money market that was challenged by the liquidity crisis in mid-September. In the 2008-2014…
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