2022-02-28

Still No Taper: Fed Buys 98 55 Billion in February

Update: I don't know if I typed a number wrong or if they changed the data. A couple years ago I'd be confident it was my error. In any event, the Fed did reduce buying to $55 billion as of the third week in February. There is still one week left of February data. They were only supposed to buy about $30 billion. Still more than they've said, but it is less than the near $100 billion...

Original post from February 25:

I'm not counting the week ending February 2 as being in February, so it's only three weeks of buying. It's all done in plain sight. The Fed is the greatest cause of uncertainty in the market. Will they pull the rug out from the markets and actually cut asset buying from their $100 billion pace since November, or will they keep buying $100 billion per month forever? They've lied for four straight months now. Why should we expect the truth anymore? Is there a single reporter out there with the guts to ask this question? No, because if they ask it, that will end their career reporting on the Federal Reserve. USG is a weak, corrupt, failed state. It's ruling class populated by weak, corrupt, morally vile people who range from warmongers to pedophiles at the extremes.

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