Viewpoints
Opinion

The Fed Slows Quantitative Tightening, Fearing a Bond Meltdown

Why would the Fed need to slow down the pace of balance sheet reduction in a strong economy with solid unemployment, consumption, and growth figures?
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The Fed Slows Quantitative Tightening, Fearing a Bond Meltdown
Federal 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 Images
Daniel Lacalle
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Commentary

Persistent inflation is not a coincidence. It’s a policy.

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Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”