How did he do that with an inverted yield curve?
Witness the recent dollar swoon.
Maybe you should look at the actions of foreign central banks to explain that, especially the ECB.
Two ways. First, lower bank reserve requirements (now less than 1%). Second, buying Treasury bills to the tune of $2 billion last week alone.
Total bank credit creation zoomed up 500% in October !
I am surprised that the dollar has not fallen more given the magnitude of the stimulation.
BUMP