NEW YORK ( TheStreet) -- Bar the door Nelly. The Federal Reserve has abandoned all restraint and will now print money to finance the federal deficit.To support the weak recovery, the Fed continues to keep short interest rates near zero, purchase mortgage-backed securities and push down long interest rates. To accomplish the latter, since September 2011, the Fed has sold Treasurys with terms of less than three years to purchase bonds with longer maturities.
Fed's Easy Money Policies Will End Badly: Opinion
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