The Federal Reserve said it would keep buying at least $120bn of debt until “substantial further progress has been made” in the recovery.
Well… there you go. Same old same old
— Daniel Lacalle (@dlacalle_IA) December 16, 2020
Powell says Fed is committed to using its economic tools (printing money at this extreme pace or more) until it achieves its economic goals. In other words, they'll have to print forever (just like Japan). Because money printing never works. Reminder: "temporary" QE began in 2008
— fred hickey (@htsfhickey) December 16, 2020