The Federal Reserve Will Continue Quantitative Easing
The Dollars Demise Leading to Bitcoins Rise
Published in
2 min readOct 9, 2019
It’s Official, More Quantitative Easing On The Horizon
The Federal Reserve (Fed) plans to increase its short-term treasury purchases to avoid the recurrence of unexpected monetary pressure, the Fed announced on Tuesday.
Fed officials stopped reducing assets in August, but never mentioned when they would start to increase their holdings. Last month, in short-term financing markets, there were signals that banks were starting to become increasingly reluctant to lend these reserves. This is not only sign of an impending liquidity crisis, but it’s also a spark under bitcoin, which could potentially light the thrusters for another record run.
Jerome Powell- “This is not QE”