Federal Reserve Launches New Round of Quantitative Easing
In All But Name

At Least $60 Billion of Treasury Bill Purchases
Per Month into Second-Quarter 2020

Aimed at Rebuilding the Fed Balance Sheet

Mounting Economic Weakness and Systemic Instabilities Still
Leave Open a Possible 0.50% Rate Cut at October 29/30 FOMC

Further Expansion of the Informal Quantitative Easing or
Renewed Formal Quantitative Easing Is Likely