“And to that end I also think, look, I– if I President of the United States, we’re going to get a new chairman of the Federal Reserve,” former target of the Trump mob Mike Pence mildly asserts. “I mean, this business of quantitative easing that’s been underway must end.” The announcement elicits a smattering of weak applause for the crowd, numbering in the double-digits, in a Jeb Bush-level response.
For the record, the quantitative easing Pence laments was started by the Trump administration in March 2020. Under current chair Jerome Powell, the Federal Reserve has committed to ending the Trump administration’s QE policy: “The Fed also retained its commitment to reversing a previous policy of quantitative easing (QE) that involved purchases of Treasury and mortgage-backed securities. QE was aimed at providing more liquidity to capital markets.”