Good deal: U.S. Treasury borrows $44 billion for 1%

By Money Matters Editors

The inflation hawks continue to circle, but for the duration of the U.S. Federal Reserve’s unprecedented quantitative easing and credit market intervention, they’ve been circling in vain.

Case in point: With more than $23 trillion pumped into the financial system via monetary and fiscal policy in the last 12 months, there’s good reason to fear a rise in inflation, particularly if the U.S. Federal Reserve’s quantitative easing is not withdrawn in time.