Nevertheless, Chairman Jerome Powell keeps telling everyone that his attempts to stabilise the funding market cannot be considered as Quantitative Easing.
BACK in October of 2019, the US Fed began buying $60bil of Treasury bills per month, causing a substantial increase in not only its balance sheet but also the overall global money supply.
Earlier last week, we received the news that the Federal Reserve Bank of New York added $52.6 billion in short-term liquidity to the financial system on Friday to help money markets get through the weekend.
