In the annals of economic history, Federal Reserve Chair Jay Powell’s rhetoric may sound hawkish, hinting at inflation containment. Yet, actions speak louder than words. Behind the scenes, the Fed quietly pumps liquidity into financial markets, veiled under the guise of tightening.
This clandestine maneuvering, dubbed “quiet QE,” unfolds reminiscent of a cloak-and-dagger operation.·
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