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It would be nice if Jerome Powell and the other Fed Governors owned up to it. They were printing dollars via QE and adding reserves into the banking system as
by testfoobar 4y ago
It would be nice if Jerome Powell and the other Fed Governors owned up to it. They were printing dollars via QE and adding reserves into the banking system as recently as March of this year. Last year, they were adding $120 billion/month of QE into the banking system. They have just ramped up to removing $90 billion/month. They're not removing monetary accomodation at the same rate it was injected.
No resignations for making such a massive sequence of errors.
- im-a-baby 4y agoThe government was also injecting trillions of dollars in stimulus. This isn’t entirely the Fed’s fault.