The technical moves made by central banks usually don't attract many headlines. But for those of us in the financial sector, the sheer scale of the operations underway is breathtaking in both its scale and its scope.
Consider today's QOTD from the ECB leadership and the Federal Reserve:
People who seek market stability from central bank liquidity operations miss the point. These operations are aimed at ensuring that there is a financial sector and an economy when we emerge from the pandemic's aftermath.