“What they did is they introduced yet another acronym RMP reserve management purchases which is another form of QE quantitative easing”
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Said on Bankless
BTC Sessions · If You Don't Get Global Liquidity, You Don't Get The Everything Bubble | Michael Howell
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tested the impact of the shift from Fed QE to Treasury QE (government spending monetization) on Bitcoin price
“What they did is they introduced yet another acronym RMP reserve management purchases which is another form of QE quantitative easing”
“I think a lot of people view the QE ... as primarily working through the balance sheet ... but ... yields would rise ... investors sell bonds because they're not as excited”
“They moved rates up very quickly… they also shut down the QE and then pivoted to doing a bit of QT… bring inflation down without pushing unemployment up”
“They've introduced a new acronym called Reserve Management Purchases. And those extra is another form of QE. But that's another injection of liquidity back into the system to make sure the bank reserves stay flat.”
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