OpinionViewpointsThe Fed Slows Quantitative Tightening, Fearing a Bond MeltdownWhy would the Fed need to slow down the pace of balance sheet reduction in a strong economy with solid unemployment, consumption, and growth figures?CopyFacebookXTruthGettrLinkedInTelegramEmailSaveFederal Reserve Chair Jerome Powell holds a press conference at end of the Federal Open Market Committee meeting in Washington on May 1, 2024. Saul Loeb/AFP via Getty ImagesBy Daniel Lacalle5/6/2024Updated: 5/8/2024PrintX 10:00CommentaryPersistent inflation is not a coincidence. It’s a policy.