Bloomberg editorial board calling on Powell to end QE:
"Asset prices have surged and the risk of bubbles and financial instability is growing. All this suggests it’s past time to start dialing back the Fed’s commitment to maximum stimulus." https://t.co/Vf3IIbG4Oq
— Sven Henrich (@NorthmanTrader) August 24, 2021
It's fascinating to me that everyone from Blackrock to Bloomberg and @elerianm & myself of course have been urging the Fed to stop QE as its exacerbating financial stability risks & asset bubbles & is the wrong policy yet the Fed refuses to acknowledge it even though they know.
— Sven Henrich (@NorthmanTrader) August 24, 2021