Ah, help me out a sec. When was there a time that the Fed did not print money?
When was there a time the fed did not print money?
Before 1913?
The AMOUNT of dollars they continue to fuse into the market is what has already, and is continuing to create inflation in the economy.
They have for two years now printed money that has been used to BUY 80 to 90 BILLION dollars worth of bonds and T-Bills a MONTH. They now have incurred a 4.5 TRILLION dollar deficit balance sheet doing this.
To put it simply: They have pumped this money into the stock market by buying these enormous amounts monthly and that is what has kept the market propped up.
This article from the Heritage Foundation from the Spring of this year pretty much shows the FED has painted themselves into a corner and has really NO choice other than to keep printing INFLATIONARY dollars to keep the "house of cards" standing.
Quantitative Easing, The Fed’s Balance Sheet, and Central Bank Insolvency