Fed lets M2 hit $21.8T—$3T above trend. No normalization in sight. Trump to face Powell headwinds

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Fed allowed M2 to grow yet again in Mar, setting new record of nearly $21.8 trillion, or ~$3 trillion above the pre-pandemic trend; we aren’t getting back to normal, and the Trump admin will be getting ZERO help from Powell anytime soon…

h/t Boo_Randy_II

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