On Tuesday a novel and contradictory central banker parlance - "Reserve management purposes" - was birthed into existence by Fed Chair Jay Powell.
Throw unrelenting central bank fake money credit creation into the mix, and things become lopsided to the extreme.
Over the last two decades we've conducted our own empirical research of the influence of central bank fake money credit creation.
Central bank fake money credit creation has distorted capital markets, and by extension the entire economy and culture, so far past the extreme that it goes largely unrecognized.
Fed Chair Powell is trapped in a contradiction.
Perhaps Fed Chair Powell didn't read the BIS report.
The fact is, balance sheet growth is quantitative easing regardless of if Powell says it's for "Reserve management purposes." Moreover, despite its negative impact on financial markets he must further expand the Fed's balance sheet.
https://economicprism.com/fed-chair-powells-inescapable-contradiction/
Throw unrelenting central bank fake money credit creation into the mix, and things become lopsided to the extreme.
Over the last two decades we've conducted our own empirical research of the influence of central bank fake money credit creation.
Central bank fake money credit creation has distorted capital markets, and by extension the entire economy and culture, so far past the extreme that it goes largely unrecognized.
Fed Chair Powell is trapped in a contradiction.
Perhaps Fed Chair Powell didn't read the BIS report.
The fact is, balance sheet growth is quantitative easing regardless of if Powell says it's for "Reserve management purposes." Moreover, despite its negative impact on financial markets he must further expand the Fed's balance sheet.
https://economicprism.com/fed-chair-powells-inescapable-contradiction/
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