Nothing says "quantitative tightening" like creating a reverse repo window to buy dogshit US Treasury bonds at par, handing the money to the banks, then having the banks buy newly issued bonds while the money's still hot off the printer.

Oh, and it's totally not inflationary, because it's a "temporary loan" (wink wink).

Nothing says "quantitative tightening" like creating a reverse repo window to buy dogshit US Treasury bonds at par, handing the money to the banks, then have the banks buy newly issued bonds with the money.

Oh, and it's totally not inflationary, because it's a "temporary loan" (wink wink).