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    Fed’s Renewed Efforts to Print Money Likely to Plunge Economy Into Recession thumbnail

    On Tuesday, Federal Reserve Chairman Jerome Powell announced that the Fed will boost its purchases of short-term Treasury notes to avoid liquidity concerns experienced by the repo market last month. The announcement did not come as a surprise as we’ve been saying that the U.S. is in dire need of cash. This is especially true after the Treasury Department announced that it will borrow $381 billion this quarter. Therefore, we have a situation where both the private and public sectors are scrambling for cash. This leaves the Fed with no choice but to buy more Treasury securities to satisfy the growing appetite for liquidity. However, the Fed might not achieve its intended result and instead send the economy into a recession. The New Round of Asset Buying Will Benefit a Small Group of Financial Institutions The Fed’s re
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