QE by any other name

MIses Institute/Claudio Grass

Graphic image of QE4 with a question mark“In less than a year, we have witnessed an unprecedented monetary policy rollercoaster by the Federal Reserve, which began with a momentous U-turn in the central bank’s guidance in January, and has continued to escalate ever since. It is easy to forget that less than a year ago, all official statements and market expectations were aligned with sustained tightening . . . “

USAGOLD note: Claudio Grass goes on to offer a detailed overview of the rapid evolution of Fed policy from tight to loose . . . .”Sure sounds like QE.”

Repost from 11-20-2019

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