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Infinite backstop bazooka?

Is that what you call the $25bn capped, 12 month limited, Bank Term Funding Program they announced today?

This program is small by recent standards. QE was $85 billion per month and it ran for 5+ years.

QE was equivalent to doing BTFP every single week for 5+ years!

So a little context here, please.

e8
Ralphy 2y ago

https://twitter.com/CaitlinLong_/status/1635110620864581633?s=20

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