Wednesday, October 29, 2014

Quantitative Easing Finished, for Now

The Federal Reserve Bank announced it is ending its program of buying back federal bond debt, thus putting money into the market. Called "quantitative easing" or QE, it has been an attempt to stimulate the economy, the equivalent of printing money. See the CNBC story for more.

Oddly, the Fed's QE activities have not been inflationary. I've seen no convincing explanation of the absence of inflation.