It's more QE∞ as the Fed launches an open-ended $45B/month Treasury purchase program to replace the expiring Operation Twist. This will be more expansionary than The Twist as that program included the sale of short-term Treasurys to go along with the purchase of longer-dated paper. The other QE∞ - the Fed's open-ended purchases of $40B/month of MBS - continues.
It's more QE∞ as the Fed launches an open-ended $45B/month Treasury purchase program to replace...
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