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11 sats \ 4 replies \ @Undisciplined 15h \ parent \ on: Fed to End Quantitative Tightening (QT) On December 1st & Cut Rates by 25 Points econ
So much new money was created during Covid that they needed QT to mitigate what would have been much worse inflation
The problem is that QT started too late and ended too late
3 years of QT is too long plus diminishing marginal benefit
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Since I'm in the End the Fed camp, no amount of QT is too much for me.
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The goal should be stability not QE or QT
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The goal should be market prices rather than central planning
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