Haymaker Daily

QE on the QT

Hello, Subscri — wait — shhhh!

Whatever you do, don’t call it Quantitative Easing!

Of course, to most of the rest of us the Fed’s “temporary” dalliance with new-age money printing is known as QE. It began during the convulsions of the Global Financial Crisis in late 2008 under then Fed head Ben Bernanke. At the time, he assured the American public, and Congress, it was a transitory reaction to the near-death experience of the international financial system. That, in turn, produced the worst economic contraction since the Great Depression.