Is there still the possibility of an orderly exit?
What is clear to me is that we are moving irresistibly closer to a critical question for the economy and markets, and not just in the US:
is there still the possibility of an orderly exit from what has been a remarkably long period of uber-loose monetary policies?
Mohamed A. El-Erian FT 12 July 2021
https://www.ft.com/content/ae158a9c-b783-4301-85c6-8ff8bc55a6b8
Fed needs to consider seriously how best to slowly lift its foot off the monetary accelerator
https://englundmacro.blogspot.com/2021/02/fed-needs-to-consider-seriously-how.html
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