Finding Meaning in Quantitative Easing

 wsj.com  10/12/2019 11:22:00   James Mackintosh

When I use a word, Humpty Dumpty said, in rather a scornful tone, it means just what I choose it to meanneither more nor less.

Federal Reserve Chairman Jerome Powell is unlikely to respond to his critics with a line from Alice Through the Looking-Glass, but he should. The Fed is about to start buying $60 billion of Treasurys a month, and many are wondering if it is leading the charge back into quantitative easing, often known as money printing.

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