The Fed Doesn't Matter, but It Does

Powell tied up money that, but for him changing his interest rate policy and reverse repos, that's a $2 trillion stimulus in very short order. So they held off on spending that money for as long as possible to try and keep the quote unquote deflationary impulse of COVID and COVID lockdowns politically on the table at all costs. And Powell out waited them. The thing is, I want to go back real quick. You know why they didn't spend the money because they were trying to pass Build Back Better and put another $6.5 trillion worth of spending at the federal before some monetize. When you said that, the first thing I popped into my