Congrats! Here’s $600 Billion Dollars…

…of money out of thin air. The Fed announces today:

[Central Banks] will buy $600 billion in long-term Treasuries over the next eight months, the Fed said Wednesday. The Fed also announced it will reinvest an additional $250 billion to $300 billion in Treasuries with the proceeds of its earlier investments.

Thomas Hoenig was, once again, the lone soul within the Fed branches suggesting a different approach.  Join us Friday to hear more!

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