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The Fed: In a Monetary and Macro Bind?

Real Vision: Finance & Investing

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The Reversal of the Quantitative Easing

Powell just failed to appreciate how bad the problems from Zert truly are. And as a result of that, Powell realized, I guess, that it wasn't worth the pain. The low interest rates do things like create interest rate risk. They incentivize malinvestment and then those things rear their ugly head when interest rates begin to rise.

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