One bad economic report and the Fed called off the talk about “tapering” the money machine.
The Fed never had any intention of slowing down the manufacturing of fake money. That was/is all smoke and mirrors. Just like all the BLS stats. Complete and utter BS.
Face it, logically, the Fed *can't* stop printing. No one is really buying US debt. For all practical purposes, the money the Fed is creating is financing US government debt. Fed stops and interest rates go up. The government can't finance the debt at real market levels.
They have painted themselves into a Catch 22 corner.....I love mixed metaphors.