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Fed’s Death Star weapon trumps taper concerns

Investors concerned that the Federal Reserve massive balance sheet expansion will cause inflation shouldn’t bother – the Fed has also built the Death Star.

Furthermore, the growing influence of this new central bank tool suggests that investor fears of market collapse as the Fed ends its quantitative easing program are misplaced. In fact, the Fed is already using the Death Star to take more money out of financial markets than QE is adding.