I thought the QE’s were discontinued. At the time it was 87B per month. Do you have a source about the Fed printing 1B a month and where they are pumping it in to?
“Continuing to effectively print $85 billion per month of new money after months of telegraphing at least a modicum of reduction can only translate that our economy is frail and infirm, languid if you will.”
http://www.forbes.com/sites/richardfinger/2013/09/20/the-federal-reserve-is-making-a-big-mistake/
Fed Keeps $85 Billion QE Pace Looking For Stronger Growth
Year In Numbers: The Federal Reserve’s $85 Billion Question
http://www.npr.org/2013/12/17/251796694/year-in-numbers-the-federal-reserves-85-billion-question
Fed Reserve to Continue $85 Billion a Month Quantitative Easing
http://www.breitbart.com/big-government/2013/09/18/fed-reserve-to-continue-qe-stimulus/
Bloomberg. No posting on FR. Says QE ended last October.
bloombergview.com/quicktake/federal-reserve-quantitative-easing-tape