Don't call it QE — the Fed's $40 billion of bill purchases may not shake crypto out of its slump

There's a major difference between ensuring liquidity in short-term rate markets and the quantitative easing that juiced risk assets after during Covid and after 2008 financial panic. What to know : Alongside its rate cut last week, the Fed said it begin buying $40 billion is short-term Treasury paper, exciting the crypto community. Digging into the details, one observer noted that this current operation is not the same as the central bank's QE programs that put such a charge into risk assets.