The Fed's Covert QE Puzzles Me

Last week, the Federal Reserve cut interest rates by 25 bps, something that we all expected. However, in order to maintain an ample level of reserves in the financial system, it decided to start buying $40Hi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 27 years old.In 2023 I graduated in Business Administration and I completed CFA level 1 in 2024. I am currently a Popular Investor on the investing platform eToro, you can see there my public portfolio. My interest in fina ...