[Hoodat]

The only way they can achieve this is to immediately initiate $600 billion in spending cuts. The ONLY reason the Fed did what it did is because the government needs the cash to continue functioning. It has nothing at all to do with stimulating the economy.

Eliminate $600 billion in planned spending over the next few months, and the Fed can erase the $600 billion monetary expansion.

[kevao]

It has nothing at all to do with stimulating the economy.

+1. There are over US$1 trillion in excess reserves sitting idle in the banking system. Adding another US$600 billion to that won't do anything to "stimulate" the economy.