How Much Longer Will the Fed’s Huge Balance Sheet Represent Accommodative Policy?

by Mish Shedlock, The Street: Let’s review a statement Powell made on Friday regarding accommodative financial conditions. On Friday, in his Jackson Hole Virtual speech Monetary Policy in the Time of Covid, Powell made statements on QE that caught my eye. At the FOMC’s recent July meeting, I was of the view, as were most participants, that […]