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The Fed’s Pivot: The Return of Easy Money and the Inflation Storm Ahead
by Lau Vegys, International Man: Jerome Powell, the Fed’s chairman, recently gave the clearest signal yet that the Federal Reserve’s so-called “quantitative tightening” is about to end. Speaking at the National Association for Business Economics conference in Philadelphia recently, Powell said: “Our long-stated plan is to stop balance sheet runoff when reserves are somewhat above […]
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