The Federal Reserve has shifted from quantitative tightening to quantitative easing, injecting billions into the economy.

To understand money supply growth, it is essential to distinguish between reserve creation and deposit creation. Garrett argues that referring to the Fed’s operations as 'money printing' is not merely ...

Arthur Hayes believes the U.S. Federal Reserve is preparing to adopt yield curve control, a policy where the central bank fixes interest rates on government bonds by purchasing unlimited amounts of ...

Arthur Hayes' latest Substack essay argues the Federal Reserve’s new reserve management purchases resemble quantitative easing, expanding liquidity while being framed as a technical operation.