I feel like the fed acts like they don’t give a fuck about the debt/gdp being unsustainable, but yellen and the treasury sure does. She doesn’t want a default on her watch. Watch her and the Biden administration putting increasing pressure on the fed as the presidential election nears in the next 18m. Eventually fed going to have to buy all the debt the treasury issues once the treasury general account is drawn down in June. Good luck doing qt after that
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