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Nick Timiraos: The Fed Doesn't Want Bank Failures In The News
Forward Guidance
The Fed's View on Quantitative Easing
The Federal Reserve's new tool, the bank term funding program, was announced two days after Silicon Valley Bank failed. It extends credit, short-term borrowings to banks in the same way the discount window does but they can do it for a duration of up to a year. And that's why people are saying, oh, this is quantitative easing again. But I think if you look at actually where's the liquidity going, and it's a big lent out, I mean, $100 billion inLiquidity is probably not getting recycled into the economy in formal loans or securities purchases. So I would answer your question in the negative that's not quantitative easing.
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