WARSH COULD END QE AS WE KNOW IT 👀

Kevin Warsh’s potential return to the Fed is already shaking markets -- especially the $30 TRILLION U.S. Treasury market.

Warsh has been clear for years:

QE should be used only in true emergencies, not as a permanent policy tool. He’s openly criticized the Fed’s post-2008 and post-COVID bond buying, arguing it violated the spirit of the 1951 Fed-Treasury Accord and enabled unchecked government borrowing.

Now, that old idea is back -- possibly in the form of a new accord redefining how the Fed and Treasury coordinate balance-sheet policy.

Context matters:

đŸ’” Fed balance sheet is still ~$6.6T

đŸ’” Treasury issuance keeps climbing

đŸ’” Scott Bessent agrees QE ran too long

đŸ’” Markets are debating whether this limits QT... or kills QE outright

If the Fed becomes restricted from large-scale bond buying, that’s a structural shift for rates, liquidity, and risk assets.

And for crypto? Less QE + clearer rules = harder money narratives matter more, not less. #BTC #bitcoin #downtrend #BestBuyingTime #Now