>>17429496 (pb)
"The only thing they know is to print more money."
Except for when they can't. Print more money = spiraling out of control inflation.
THEY HAVE TO RAISE RATES
THEY HAVE TO BEGIN SELLING DOWN THE BALANCE SHEET
Except the thing is - they spent 10 years acquiring assets at 0% interest rates. Now that interest rates have risen, ALL OF THE ASSETS ON THE FEDS BALANCE SHEET ARE BEING HELD AT A LOSS
When they begin to liquidate these positions the Federal Reserve will book the largest loss for a single institution in the history of Finance.