In spite of the Fed’s incessant jawboning about a mythical pending “tightening,” QT is mostly talk, not action, as the fraudsters at the Fed are terrified of imploding their asset bubbles & Ponzi markets

Central banks have not been able to reduce their balance sheet after a QE. Even Fed was very hesitant in the second half of 2010s. They “don’t know” the impact they say but I suspect they fear too much market volatility if they exit. Also the pol economy of it is hard.

— Piroska Nagy Mohacsi (@NagyMohacsi) November 18, 2022

h/t  Boo_Randy