Additional comment, I find this confusing as well:
>> << The fed purchases treasuries in order to fulfill several different goals, all under the broader umbrella of monetary policy.
I would have been willing to accept this rationale pre-Powell tenure. His clearly political response to badgering from, at the time, Trump WH ( and then Biden WH ), made it clear to me that monetary policy is dangerously aligned with political issues ( where by design it was supposed to be apolitical or at least independent of political pressures ).
Is monetary policy no longer monetary policy simply because it is political?
This is really a rhetorical question on my end. The truth is that monetary policy is always political in nature.
>> << The fed purchases treasuries in order to fulfill several different goals, all under the broader umbrella of monetary policy. I would have been willing to accept this rationale pre-Powell tenure. His clearly political response to badgering from, at the time, Trump WH ( and then Biden WH ), made it clear to me that monetary policy is dangerously aligned with political issues ( where by design it was supposed to be apolitical or at least independent of political pressures ).
Is monetary policy no longer monetary policy simply because it is political?
This is really a rhetorical question on my end. The truth is that monetary policy is always political in nature.