The Federal Reserve just pledged asset purchases with no limit to support markets

CNBC ^ | March 23, 2020 | Jeff Cox

[C19fan]

The Federal Reserve said Monday it will launch a barrage of programs aimed at helping markets function more efficiently amid the coronavirus crisis. Among the initiatives is a commitment to continue its asset purchasing program “in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions and the economy.”

That represents a potentially new chapter in the Fed’s “money printing” as it commits to keep expanding its balance sheet as necessary, rather than a commitment to a set amount.

[C19fan]

Federal Reserve pushed the button.

[BipolarBob]

Helicopter money is on the way. Keep an eye on the windows.

[nascarnation]

Been watching Apprentice re-runs.
Love that song by the O’Jays...

[SMARTY]

Nan must be drooling from the mouth!

[cranked]

Yes, this is all going to end well. /s

[eyeamok]

Fire up the Printing Presses, Wall Street Bail Out coming fast, Bankers Relieved.

[pepsi_junkie]

Here comes inflation...

[Varsity Flight]

Five, 5 trillion, in MBS-repo-cdo “insurance” a go go.

[Crucial]

Hopefully this back door communism would need Congressional approval.

[TalBlack]

If this stupidity keeps up everything is going to cost a nickel and nobody is going to have a nickel.

[NELSON111]

Well - this is exactly what the stock market bubble was blown up with in the first place under Obama - and Trump - so why not save it now as well.

Conservatives used to have principles about deficit spending and presidents sending budgets to congress with $1 trillion dollar spending shortfalls.

Used to. Not any more. It's no longer politically expedient. Now people on this site don't complain - they offer excuses.

[Moonman62]

Here comes inflation...

...

Real world data indicates that’s not the case.

[CodeToad]

“Real world data indicates that’s not the case.”

Only because they held interest rates REAL low. That, of course, hurt other markets depending on those rates.

[Varsity Flight]

T A L F - 2020 5 trillion Bailout commences this morning

[Wuli]

They will “manufacture” as much money as they decide they need to.

[MHGinTN]

So how will this help with my planned re-fi on my house?

[Moonman62]

Only because they held interest rates REAL low.

...

They held rates higher than than the market for many months.

https://stockcharts.com/freecharts/yieldcurve.php

[Red Badger]

[CodeToad]

They were still real low.

[MHGinTN]

What the government pretending to be leading is really doing! Great gif!