[simpleman]

QT is something very new.   Fed did QT in 2019 but have to abandon it when Covid came.  They might do the same this time but it is anybody's guess at the moment.
Some said the situation today is much different because the 2 US's rivals,  Russia and China are having trouble with the economy.   This might prompt Fed to carry on with the QT even knowing QT is going to cause a recession.  Lets see how.

Not only did Powell stopped QT during covid, he reversed gear, printed more free money to tie over the lockdowns & brushed aside warnings of inflationary  effects as "transitory". 

Now he reversed gear again trying to undo his actions because the sudden onset of war has turned transitory into panic. 

Former Fed Chief Janet Yellen is now Treasury Secretary. She said on TV "we did not forsee inflation coming". Oops! Doesn't sound so clever to me. 

These Fed & Treasury chiefs are survivors. Afterall they are appointed by Potus. To survive, they do what their boss tell them to. Boss say jump, they say how high. 

Potus has 2 voters base to look after in an election year. The younger ones who complain of high prices and the older guys who have retirement money in stocks. 

He needs to strike the right balance, failing which he may just need to please one over the other to survive the ballot box. Its the older guys who hold more chips.