The priests in the temple are feeling a bit of heat as the politicians on the other side of the temple walls push to make money to be as easy as possible. Everyone wants a party. But everyone forgets that a party must be paid for eventually, one way or another and always.
To restore policy to normal, the Fed began shrinking its balance sheet in late 2017 by not replacing as many bonds when they mature…
…Fed Chairman Jerome Powell said last month that the bond shrinkage would stop this year, citing banks’ growing demand to keep cash with the Fed and technical factors regarding how policymakers currently set rates.