Fed has Printing Press at the Ready

The Fed is “prepared to purchase longer-term Treasury securities if evolving circumstances indicate that such transactions would be particularly effective in improving conditions in private credit markets,” the Federal Open Market Committee said in a statement after meeting in Washington.

Hey, and why not, printing money is quite profitable, where can I get me a business like that?

The US Treasury is going to issue so many Treasuries to pay for their stimulus programs, TARPs and other Alphabet soup programs it will overwhelm private party interest. So rather than allow interest rates to rise to try and attract more private purchases, the Fed will PRINT money and buy the Treasuries for themselves. And collect interest from American taxpayers. Let's not forget, the FED is a Private Bank.

No wonder their leader is so free with cash...it costs nothing to make, and they collect interest on every dollar they drop!