Why Tiffany, Harley-Davidson, and Bed Bath & Beyond Stocks Just Popped
Raise your hand if you remember "quantitative easing," the controversial U.S. Federal Reserve program initiated during the financial crisis. It was intended to force interest rates down and attempt to convince consumers to consume, by buying up assets and storing them on the federal balance sheet.
Actually, never mind: You don't need to remember quantitative easing. You can just watch it happen.
This morning, Reuters reported that the Federal Reserve has begun buying "about $60 billion per month in Treasury bills," in order to ensure the banking system has "ample reserves" of cash available for lending -- and in response to "recent disruptions in short-term money markets that pushed the target federal funds rate to the top of its range."
Source Fool.com