> Wasn’t QE introduced to deal with the last round of this? The opposite. QE is an inflationary policy, much like lowering interest rates. As the central bank

> Wasn’t QE introduced to deal with the last round of this? The opposite. QE is an inflationary policy, much like lowering interest rates. As the central bank buys up debts in the open market, QE makes loans easier, meaning more companies get cheaper debt to finance their operations. That is: QE inflates the bubble further. Arguably needed in the 2010-era to help us recover from the 2008 recession, we are beginning to see the ill-effects of this policy today. Which is fine, there's a time and place for all of these policies, and the rising interest rates will counteract the ill effects of that. Its a question of "how hard to push the deflation buttons". Pushing too hard risks a difficult recession, pushing too lightly means inflation will get out of whack.