Macro Insights Weekly - Return of QE?

The path for the Fed to keep cutting rates, a key demand of the Trump administration, may be getting complicated, but policy accommodation is likely to continue, in our view.
Some Fed officials have argued that further easing is not a deal.
We actually think the bar is rather low, given the pressure coming from the White House.
The Fed will likely cut rates further,and take additional easing steps.
QT will end on December 1.
If repo rates don't ease, QE will follow shortly.