Analysts say the Federal Reserve has embarked on a fourth round of quantitative easing that poses a hazard to equity markets — but the central bank denies it.
Federal Reserve Chairman Jerome Powell, speaking at an October news conference, was adamant that the central bank’s intervention in the overnight U.S. repurchase-agreement (repo) market — as well as the buying of up to $60 billion in Treasury bills each month — does not amount to another round of QE. But critics say it’s a distinction without a difference.
Receive Unlimited Access to ALL Newsmax Platinum Reports!
By becoming an exclusive Newsmax Platinum member, you receive:
- special investigative reports
- breaking political insider news, including VIP interviews from Washington
- in-depth interviews with A-list celebs driving the day's headlines
- thousands of articles you won't find anywhere else!
All just by becoming a Newsmax Platinum Member today!Sign Up for Platinum AccessLogin