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@jfang003
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The Fed is pretty out of options so what is keeping the stock market propped up is fiscal and monetary stimulus from Congress. Its the reason why Powell keep telling Congress to do things.

I think you are a little incorrect about QE as it is deflationary. The reason why people are treating it as inflationary is because of their misunderstanding and how they promote it to the public. You can read some notes about what QE actual is: https://stevenvanmetre.com/2021/04/02/macrovoices-notes/

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