Danhoff
"If QE makes money for the FED... AND... it does not cause inflation.... why did they stop?"
Good question. Simple answer. Have a look at the Mission Statement of the Federal Reserve Board:
http://www.federalreserve.gov/aboutthefed/mission.htm
The Fed doesn't exist to make a profit at the expense of the banks.
- conducting the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
- supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers
- maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
- providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system
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- Quantitative Easing Revisited
Danhoff "If QE makes money for the FED... AND... it does not...
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