Bump the scary chart index

Thus began the latest cycle of kicking the can down the road. The Governing Council’s members expressed confidence that the “underlying” economy remained strong. They persuaded themselves that “broad-based expansion” was set to continue, and “inflationary pressures” would soon defeat the deflationary tendencies. Thus ignoring the “downside risks,” the Council acted on its optimistic assessment. The decision: asset purchases under the quantitative easing (QE) program, initiated to reduce long-term interest rates, would end in December.

The poster knows his MMT.