The sharp jump in the Fed's balance sheet as treasuries were getting pummeled likely means the #Fed stepped in to support the market and keep a lid on interest rates. Rates would likely be even higher in the absence of Fed buying. How long before they make it official with QE4?

The sharp jump in the Fed's balance sheet as treasuries were getting pummeled likely means the #Fed stepped in to support the market and keep a lid on interest rates. Rates would likely be even higher in the absence of Fed buying. How long before they make it official with QE4?

— Peter Schiff (@PeterSchiff) February 15, 2018