When the wheels start flying off, the Fed can still reverse its position on QT, reinstate QE, and even purchase equities through ETFs.
I mean, the MFers bought AAPL bonds; why not AAPL shares?
Eventually, they will run out of tricks.
But Powell can have long-retired and be pushing up daisies before the Fed has finished monetizing every asset in the US economy.
Bank of Japan is its model here.
Why am I wrong?