3 ms·
To agree; the fed got caught with its pants down; QE was extreme in 2020 and should have begun the wind down process (It's also hard to define worse timing/act
by smileysteve 4y ago
To agree; the fed got caught with its pants down; QE was extreme in 2020 and should have begun the wind down process
(It's also hard to define worse timing/actions by Powell if he were a malignant actor)
1. After states started reopening
2. On Federal Stimulus (PPP, unemployment, or 2nd/3rd stimulus checks)
3. Staged on percentage of population vaccinated and covid positivity rates / propensity to travel (ie spun down by June)