QE doesn't need to be unwound; bonds can roll off into cash.
you do know that bond prices and the bank rate are linked bank rate goes up bond prices go down - sucks if you lose 20% of your capital that way and that has happened recently
>you do know that bond prices and the bank rate are linked bank rate goes up bond prices go down
Yes, that is true. But how is the bond price relevant, from the Fed's perspective, if they aren't selling the bonds?
well I think the down side is for the holders ie you and me and our pension funds :-(