The Fed Officially Joins Bank of Japan in Liquidity Trap – Nikkei Asia

The Fed, of course, had long since joined the Bank of Japan down the quantitative easing rabbit hole. That was in the aftermath of the 2008 global crisis, seven years after the BOJ pioneered QE. Last week, though, came the admission from Powell many of us knew was inevitable: America is officially trapped below zero with the BOJ, and indefinitely so.