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Money Supply Is Falling By Most Since Great Depression | Danielle DiMartino Booth
Forward Guidance
The Bernanke Doctrine on Quantitative Easing
The Bernanke doctrine requires that large-scale asset purchases can only be conducted when you are at the zero-bound. The idea flies in the face of selling treasuries when the nation's interest expenses are exploding, he says. If this occurs and the Fed is still conducting quantitative tightening, then it's not appropriate for the Fed to buy anything, Powell argues.
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