QE is clearly no longer as effective, unless the Fed accepts negative money market yields. An aggressive tapering is coming

ON RRP usage now above 900bn as we suggested.

QE is clearly no longer as effective, unless the Fed accepts negative money market yields. An aggressive tapering is coming t.co/La1Fmv7hoi

— AndreasStenoLarsen (@AndreasSteno) June 30, 2021