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Powell won't reduce the Fed's balance sheet until every last person in PE is a billionaire (on paper). https://www.federalreserve.gov/monetarypolicy/bst_recent
by jgalt212 5y ago
Powell won't reduce the Fed's balance sheet until every last person in PE is a billionaire (on paper).
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm https://www.federalreserve.gov/monetarypolicy/bst_recenttren...
- m0zg 5y agoI fear it's going to be like 90's Russian hyperinflation (ending with default). Ain't gonna be pretty if that happens, for anyone in the US or abroad. There's also nothing the Fed can do about it once it starts in earnest.