23 Nov 2020 Increased QE More Likely After the Treasury Kills Fed Lending Programs

Ian Shepherdson (Chief Economist and Founder)22nd Nov 2020 19:20U.S.

The unilateral decision of Treasury Secretary Mnuchin to allow a slew of Fed emergency lending programs to close to new borrowers on December 31, despite Fed objections, increases the chance that the FOMC will step-up its asset purchases.

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