I've become a grumpy old man complaining about the FederalReserve... Take ~7 minutes for my basic introduction to how the Fed's policy tools really, what memes about Jerome Powell's "money printer" really refer to, the history of quantative easing (QE) and the taper tantrum as opposed the Fed's more well-traveled manipulation of short-term interest rates, and why inflation concerns leave policy makers caught in between these two tools in a way they don't have a lot of clear historical prototypes for handling.