The term "permanent basis" is the only part of the statement that prevents it from being a lie.
The Federal Reserve does not want to do QE forever. But they have been doing that almost nonstop since 2008.
The Federal Reserve does not want to do QE forever. But they have been doing that almost nonstop since 2008.
The Fed does not consider quantitative easing as just printing money. I think if it were just printing money then people would not have faith in Treasury securities and thus the interest rate would be a lot, lot higher than it is now.
EDIT: From the link supplied above:
"Global demand for Treasury securities has remained strong, and the Treasury has been able to finance large deficits without difficulty. In addition, U.S. currency has expanded at only a moderate pace in recent years, and the Federal Reserve has indicated that it will return its securities holdings to a more normal level over time, as the economy recovers and the current monetary accommodation is unwound."