By: Joakim Book Corona fears have shifted the world’s central banks into hyperdrive. Talk more, do more, lend more—and buy everything that moves. One after the other, the major central banks took to the barricades, manned the canons, fired their bazookas, and every other military metaphor you can think of. Nobody stopped to think whether the policies […]
Federal Reserve
The return of big government in a time of coronavirus
By: Andrew Moran Statism has made its return, and it is uglier than ever before. A cash-strapped Washington is writing checks to millions of Americans, the Federal Reserve is printing trillions of dollars to pump into the system, and leftist politicians are demanding the installation of a filing cabinet full of progressive goodies. President Donald Trump, not exactly a […]
MOAB: Federal Reserve unleashes unlimited quantitative easing to fight COVID-19 market crash
The Federal Reserve has fired off the mother of all bombs: unlimited quantitative easing. Before the opening bell on Monday, the U.S. central bank announced that it is prepared to purchase assets “in the amounts needed” to contain the economic fallout from the Wuhan Coronavirus pandemic. The Fed is essentially abandoning its $700 billion QE […]
Random Friday: Fed buys muni-bonds, a market bottom?, Milton Friedman on crisis
News Story of the Day: Federal Reserve is expanding its asset purchasing program at the municipal level. The U.S. central bank announced on Friday that it will begin to buy state and municipal bonds as part of its latest quantitative easing efforts (four or five?). The Fed has just been acquiring Treasurys and mortgage-backed securities, […]
Federal Reserve sets up dollar swap lines with nine central banks for six months
The Federal Reserve is taking more action to fight the global financial crisis. The U.S. central bank announced on Thursday morning that it had erected a temporary U.S. dollar swap lines with nine other central banks to diminish the liquidity strains in global greenback funding markets. The Eccles Building already possesses swap lines with the […]