Ben is running the basement printing press 24-7. New York Fed purchases $3.890 billion in Treasury coupons- That makes it over $11 billion in “good buys” this week. And you wonder why the market is rallying. That’s almost double the $6 billion a week …
Critics of the Fed have expressed concern about the inflationary implications of the huge expansion of the Fed’s balance sheet, particularly excess reserves. The reserve…