Loading ...Timing The “Crossover Point”: The Fed Will Soon Monetize The Entire Fiscal Stimulus Package… What Happens Then?
As we noted late last week, the Fed’s money printer has been going brrrr in overtime, and in the past month alone, Powell & Co. has purchased nearly $2 trillion in Treasury and MBS securities, far more than during any of the previous QE episodes (either in the first month or their entirety)…
… which together with the Fed’s POMO schedule which sees the Fed purchasing another $225BN in securities this week…
