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Pam and Russ Martens: The Fed isn't 'tapering' at all
By Pam and Russ Martens
Wall Street on Parade
Tuesday, February 15, 2022
If you're wondering why inflation is running hotter than it has in 40 years and why St. Louis Fed President James Bullard has broken with protocol and is openly criticizing the Fed on television for falling behind the curve on inflation, here's a key part of that story.
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The Fed's Federal Open Market Committee made its first announcement that it would begin "tapering" the amount of its purchases of Treasurys and Mortgage-Backed Securities on November 3 of last year. On that date, according to the Fed's own H.4.1 filing, it held $8.063 trillion in debt securities.
As of last Wednesday, that figure had risen to $8.395 trillion or an increase (not decrease) of $332 billion in the span of just three months. ...
... For the remainder of the analysis:
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