At the post-meeting press conference, Powell demonstrated the central bank’s understanding of the optics around its balance sheet expansion.
At a time when the Too Big to Fail banks – and their profits – are bigger than ever, the Fed wants to weaken its oversight of banks. Vice Chair Quarles' proposal to undermine the bank examination process is dangerous. Chairman Powell should abandon it. https://t.co/ICHD4ua2pk
— Elizabeth Warren (@SenWarren) February 13, 2020
Fed balance sheet moves up to $4.18 trillion, highest level in 16 months, up $423 billion over the last 5.5 months.
"In no sense is this QE. This is nothing like it." – Jerome Powell, Oct 8, 2019 pic.twitter.com/y7qnXkRPF3
— Charlie Bilello (@charliebilello) February 14, 2020