The Fed is employing misdirection.
The Fed will continue to pump $1 trillion + *yearly* into the money supply. It may use multiple different mechanisms, but the money printing will continue unabated.
Because there is no alternative. Without the Fed’s magic money machine, the US government will be stuck with $1 trillion PER YEAR in unsellable T bills that no one but the Fed and some foreign central banks will buy.
Where is the government going to come up with 6% interest required to attract buyers? 1/3 of the money being “borrowed” now is used to pay the interest on......the borrowed money.