You think they saved the human race by selling some EURJPY on Friday?
Impossible to know. The US sits on the precipice of a bond interest death spiral.
the fed can bring the bond yields down, it's not really a problem
How will the fed do that? What will the side effects be? Why didn't it do that at the latest FOMC?
Qe, yield curve control or possibly other market operations. There won't be any real consequences, it's just an asset swap. They buy bonds and in turn create new interbank reserves.
QE is effective when inflation is low or negative. It creates a larger money supply. Inflation is already high.
It doesn't change the M1 which is relevant for inflation.