…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!Published in