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Jun 24 2022

Contemplating A Few Concepts…

  • Jun 24, 2022

“Quantitative Policy” by the Federal Reserve is a very recent addition to the monetary tool kit, and we are still learning about its significance. For example, does QT directly and consistently impact the money supply? Is it equivalent to raising the fed funds rate? Is QT really another substantial tightening force—or is its impact overstated? Unfortunately, nobody yet knows the answer to these questions. They will become understood only after many more years of data becomes available.


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About The Author

James Paulsen / Chief Investment Strategist