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comment by am_Unition
am_Unition  ·  55 days ago  ·  link  ·    ·  parent  ·  post: Brr.................BRRR.....Brr.....Brrrr. .......Brrr...BRRRRRRRRRRRRRRRRRRR

Hey look, isn’t that little Brrr just before 2020 begins the repo QE?

I've convinced myself that yes. Yes.

Turns out it did cost a few hundred... billion... and that was before All This.





kleinbl00  ·  55 days ago  ·  link  ·  

Yup. At the time, the argument was Powell was giving up all the balance sheet he'd clawed back in a year.

One of the wonks pointed out that we're basically at rate control, like Japan, at which point there's no reason to buy bonds.