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Originally Posted by Hypatia Callisto  | That's out of date. Open market operations used to be the main way the Fed controlled monetary policy. They've used much more direct means in the last year or so in order to take 1 trillion dollars in assets onto their balance sheet, bought directly with freshly created money.
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"It is the paramount duty of governments and of politicians to secure the wellbeing of the community under the case in the present, and not to run risks overmuch for the future" - JM Keynes |