If they can’t get inflation to stabilize at a lower level and they can’t raise interest rates anymore, they must let inflation manifest in the long term bond yield. After that happens, then we see YCC. We’re just getting started folks

Yep.. And that is exactly what is on the table for 2024/25... steepening long end of the YC.
And Powell knows this, has warned us about it, and will continue to pursue policy to fix the longer-term problem... while Europe screams "PIVOT!" https://t.co/K1hLtcEc8c

— Tom Luongo (Head Sneetch) (@TFL1728) September 20, 2023