The Fed Has Added $344B in Treasury Bills in a year - SchiffGold.com
The Fed Has Added $344B in Treasury Bills in a year - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
The Fed held $5.6 trillion in Treasuries before the crisis — now it's buying short-term bills again while the deficit runs $1.4 trillion through June. When the central bank finances the government directly, the proper term is not quantitative easing. It's monetisation.