Consequences to ponder if the US Fed indulges in 'QE Infinity'

LAST month, the US Federal Reserve unveiled its strategy for preventing a total collapse in the financial system - an interest rate cut to almost zero and a multi-trillion monetary bazooka that will see the US central bank buy almost every kind of financial product in the various markets that have been frozen due to the virus pandemic.

The instruments the Fed will use include the emergency lending facilities introduced during 2008's US sub-prime crisis - the Term Asset-Backed Securities Loan Facility, the Commercial Paper Funding Facility, the Money Market M…

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