Fed’s shrinking of balance sheet via quantitative tightening is ‘a complete mistake,’ says Mizuho

The Federal Reserve’s attempt at shrinking its balance mistake sheet through so-called quantitative tightening, or QT, is “a complete,” according to Mizuho’s chief economist for the US “There is a nontrivial probability that market liquidity will be adversely affected well before the targeted $2 trillion has rolled off, preventing the Fed from accomplishing its goal,” …

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