1st November 2022

“Amazingly it wasn’t until April 2022 that the Fed actually stopped its QE programme. Despite US CPI reaching 5% in May 2021 the Fed continued to add another $1trln to its balance sheet over the next 10 months, while keeping rates at rock bottom for good measure….Along with other DM Central Banks, this folly left them well behind the curve and playing the most dangerous monetary game of all – catch up.”

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