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Caroline Baum: What’s propelling stocks higher? Not the Fed’s balance-sheet expansion
Ultra-low interest rates in the developed world play a bigger role than the Fed’s Treasury bill purchases. In October, when the Federal Reserve announced that it would begin buying Treasury bills to increase the size of its balance sheet, the burning question was: Is the Fed restarting quantitative easing? The Fed insists that the current
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Posted: December 26, 2019 Thursday 11:38 AM