One Man’s Opinion: Get Ready For “QT1”: A First Look At The Fed’s Hidden Policy

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By James Rickards The Federal Reserve is now setting out on a new path for quantitative tightening (QT) after nine years of unconventional quantitative (QE) easing policy. It is the evil twin of QE which was used to ease monetary conditions when interest rates were already zero. First, it is important to examine QE and QT in a broader context …