Part 3/12:
Coinbase Institutional recently highlighted this shift, noting the Fed’s announcement of cutting interest rates by 25 basis points as expected, along with plans to repurchase U.S. bills through reserve management purchases. This signals a clear move toward easing, effectively turning the money printer back on. When the Fed expands its balance sheet—by enhancing bank reserves, buying assets, or engaging in similar actions—it is, in essence, printing money, regardless of the terminology used.