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When Will the Fed Blink?

When Will the Fed Blink?
The Bank of England is seen, in London, Britain, on Sept. 26, 2022. Peter Nicholls/Reuters
Jeffrey A. Tucker
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Commentary

Let’s understand the significance of the Bank of England’s (BOE’s) announcement that it would start buying $65 billion in UK public debt. It represents an about-face on the previous policy of using central bank power to sop up excess liquidity in hopes of getting inflation under control. It’s like crossing a river halfway and then turning back in the other direction.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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