Fed bought more than $90 billion
Fed bought more than $90 billion of short-dated government debt
Fed officials regard this activity as a technical measure designed to ensure e smooth functioning of short-term money markets,
while others have suggested the central bank’s efforts might be just another version of quantitative easing, or QE.
No matter what it’s called, one crucial result of this T-bill buying has been a stabilization of short-term and even long-term market-based rates

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