The U.S. Federal Reserve begins $40B per month in Treasury bill purchases starting today, Dec 12, aiming to boost liquidity, rebuild bank reserves, and stabilize short-term interest rates. The Fed says this is not QE, since it targets short-dated T-bills, but critics argue it resembles stealth easing and signals underlying banking-system fragility. The move has already pushed short-term Treasury yields lower and sparked debate on whether this marks the start of a broader policy shift.
BTC
90,146.64
+0.08%
