Money-Supply Growth in 2026 Rises to Multi-Year High as the Fed Pumps New QE
In spite of more than four years of claiming that price inflation was transitory, and that it would quickly return to the Fed’s two-percent target, the Fed has insisted on more easy-money policy over the past 18 months. In that time, the Fed has cut the target interest rate by 175 basis points and has returned to quantitative easing through monthly $40 billion purchases of Treasurys.