(Money Metals News Service) In this recent episode of the Money Metals Midweek Memo, host Mike Maharrey argues the biggest takeaway from the Federal Reserve’s latest FOMC meeting wasn’t the widely reported 25 basis point rate cut. It was the quiet restart of balance-sheet expansion—what most people would recognize as quantitative easing—barely acknowledged by mainstream coverage.
He frames the entire discussion around “burying the lead,” the journalistic habit (sometimes accidental, sometimes deliberate) of hiding the most important fact deep in a story where most readers will never reach it.
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