Fed Ending QE Is Not the End of Easy Money: Michele

The transcript discusses the Federal Reserve's policies on interest rates and easy money, analyzing the bond market and its pricing. It highlights the Fed's approach to market volatility, suggesting a shift towards allowing more volatility. Concerns about inflation expectations and economic growth are addressed, with a focus on energy prices as a driving factor. The discussion concludes with insights on financial repression and potential yield adjustments in Europe and the US.

What is the significance of volatility in the current market environment according to the discussion?

Discuss the concept of 'financial repression' as mentioned in the context of the Fed's policies.