The Fed Meeting in Geneva on June 16th, 2021

Powell essentially had to wait for COVID lockdowns and the scare around COVID to basically go away. Then obviously we printed trillions of dollars and then he used that as an opportunity to turn it up to 11. What he did was he waited until 20, the June of 2021, when the European Union was now ready to start printing money. He stood up and said no, two weeks before he raised the reverse repo rate, five paces points above the Fed funds rate and ended the bull market in the Euro.