True but I do not see the Fed turning off the money printer anytime soon.
True but I do not see the Fed turning off the money printer anytime soon.
Things need to settle down to a stable economy before the fed will act. Maybe two years at the earliest?
Things need to settle down to a stable economy before the fed will act. Maybe two years at the earliest?
The Fed delivered in that respect, saying it would continue to buy at least $120 billion of bonds each month “until substantial further progress has been made toward the Committee’s maximum employment and price stability goals,” the post-meeting statement said.
So whatever that means. At least the rest of this year. Probably longer. I think two years is a safe bet, but it's hard to say now that the Dems control the federal gov. Who knows what BS they will come up with.
>The Fed delivered in that respect, saying it would continue to buy at least $120 billion of bonds each month “until substantial further progress has been made toward the Committee’s maximum employment and price stability goals,” the post-meeting statement said.
So whatever that means. At least the rest of this year. Probably longer. I think two years is a safe bet, but it's hard to say now that the Dems control the federal gov. Who knows what BS they will come up with.
https://www.cnbc.com/2020/12/16/fed-decision-december-2020-fed-commits-to-keep-buying-bonds-until-the-economy-gets-back-to-full-employment.html
(post is archived)