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

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#blockchain #cryptocurrency #bitcoin #inflation
5 years ago in #economics by
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