John Stepek
speaker
2,551 appearances
28 recordings
1 series
first heard Apr 2026
last heard 6d ago
John Stepek’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 28 in all, peaking in Jul 2026 with 7.
Appearances
um, what do you call it?
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It was a consensus vote, which is not that unusual for the Fed, but um I they were all behind them.
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So
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No, no.
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Um I think I mean that was interesting because I mean obviously the Bank of England is kind of a bit uh Yeah.
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It's not a high conviction.
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I think if the Fed had put up rates and they had been aware the Fed was going to put up rates, they might have kind of copied it.
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But the the more interesting thing they did was change quantitative tightening.
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Um and although that's very
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Confusing and all the rest of it and kinda nobody really understood what QE did in the first place and no one really understands what QT does.
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Probably the biggest thing that Bank England has been selling, actively selling guilt into a market which is already sick of guilt.
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And what the bank has now finally said after three years, four years in fact of doing this is that oh actually that maybe we should stop.
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Um and nothing.
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Because
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And and that's what's happened.
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Um, in fact, the the yields on the long term bonds, because what they've said is
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For a start, we're gonna pause selling any for just now until we've worked out a kind of conversation with the debt management office.
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That's uh that's another issue we probably shouldn't talk about yet.
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But in terms of the actual long bonds, so anything that matures after 2049, they're not gonna sell them, they're gonna sit on them um until they mature.
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Um and so that means looking at it, about twenty percent of the the
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Showing 41–60 of 2,551 · page 3 of 128
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