Loading ...“It’s All Over”: Powell’s WSJ Mouthpiece And JPMorgan Confirm Imminent End Of QT
another round of QE may be on deck.
Of course, it’s one thing for a regional Fed president to opine on such things, it’s something entirely different for Powell’s preferred media leak conduit to confirm it, and yet this morning that’s precisely what happened when Nick Timiraos, aka Nikileaks, aka Powell’s favorite media mouthpiece confirmed that QT’s days are now numbered writing that “Fed officials are to start deliberations on slowing, though not ending, that so-called quantitative tightening as soon as their policy meeting this month. It could have important implications for financial markets.”
Sir Kewl2,
What do you think are the chances of Fed hiking again, rather than doing QE or cutting rates? Inflation cannot be swept under the rug, it seems.
GL
The last hike was in June. They are done. It is laid out for you here. They have to begin the process of gradually stopping the QT. They have already pivoted and let the market lower rates. Now they have to cut rates and add QE. They have been doing it in baby steps to keep the dollar from crashing and gold and silver from exploding higher. Just as the article points out they will slow walk these steps as much as possible but they are necessary and inevitable. Just as some stackers were giving up aand setiment was at rock bottomit is higher for longer for gold and silver from here.
“They are done.”
They are not in control. Like the Wizard, they only pretend they are.
Wow… Silver to da moon!