Fed Quantitative Easing: $60 Billion per Month

in #economics • 5 years ago

The US Federal Reserve Bank announced a new asset purchase program starting Oct 15. This plan will bring newly-created dollars from the central bank into the US money supply. According to a statement from the New York Fed, "...the Desk plans to purchase Treasury bills at an initial pace of approximately $60 billion per month." That's $60 billion new dollars created per month, out of thin air.

Learn more in the video below.

Sources:
Fed policy: https://www.newyorkfed.org/markets/opolicy/operating_policy_191011
USD Inflation: https://tradingeconomics.com/united-states/inflation-cpi

ECB Policy: https://www.ecb.europa.eu/press/pr/date/2019/html/ecb.mp190912~08de50b4d2.en.html
EUR Inflation: https://tradingeconomics.com/euro-area/inflation-cpi

This episode is sponsored by Americas Cardroom, the most trusted online poker site. Fund your account AND claim your winnings using your favorite cryptocurrency!

Make your first deposit using any cryptocurrency to get 200% deposit bonus.

US players welcome! Play TODAY: http://ow.ly/NEzd30guKzU

About the show: One Minute Crypto is among the fastest-paced bitcoin shows in the universe. We cover everything on blockchain technology: walkthroughs, tutorials, news, and more. Check us out at http://oneminutecrypto.com.

#blockchain #cryptocurrency #bitcoin #inflation
5 years ago in #economics by
$0.00
    2 votes
    Reply 0

    Coin Marketplace

    STEEM 0.26
    TRX 0.20
    JST 0.037
    BTC 94588.50
    ETH 3439.35
    USDT 1.00
    SBD 3.95