When the Fed buys long-term Treasuries under QE, issues overnight debt, and passes the interest difference back to the Treasury, it is as if the Treasury issued overnight debt.

Added to korrents 19 Sept 2026 · How quotes work · Something wrong? Tell us

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• A bank should be managed against the fat tails it can imagine, not against the stress test its regulator hands it. JDJamie Dimon16 Jul 2025interest rates
• A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. OBOlivier Blanchard1 Jun 2022interest rates
• A central bank can stop giving forward guidance without abandoning accountability for explaining its decisions. CSClaudia Sahm20 Aug 2026interest rates
• A central bank press conference exists for the chair to explain and answer for the committee's decision. CSClaudia Sahm21 Sept 2026interest rates
• A central bank's chair should act as the messenger for the committee's consensus, not for personal views. CSClaudia Sahm20 Aug 2026interest rates

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