United States Senator Joe Manchin on Thursday urged the Federal Reserve to “immediately” start reducing the pace of its bond-buying program and “immediately reassess our nation’s stance of monetary policy.” The West Virginia Democrat wrote in a letter to Fed Chair Jerome Powell that he is “increasingly alarmed” about the asset purchases the central bank is still conducting despite the ongoing economic rebound and the end of the recession. “I am deeply concerned that the continuing stimulus put forth by the Fed, and proposal for additional fiscal stimulus, will lead to our economy overheating and to unavoidable inflation taxes that hard working Americans cannot afford,” Manchin stressed. Nick Note: As i have been screaming from the roof tops… THE FED IS FUCKING UP ROYALLY!!!! Fed stimulas is out of control and sparking off impeded consumer wage based inflation, creating a bubble housing market that will crash. And bubbles in financial assets which are beyond comprehensions. The stock market is girls or in this case game boy millennials gone wild. And their cousins millennials with advanced mathematical degrees going crazy in the debt markets…In a 5% inflation we are headed to a 1% ten year bond…… 4% negative yield. Shit the algorithm monsters got a negative yield junk bond market…. REALLY!!!! Fed actions are beyond stupid they are now criminal. AND THE INSANITY CONTINUES. Do not forget the economy s about to suck shut as the Delta varient that is infecting 100,000 people a day in the US createst its own lock down… As in people are to sick to work, shop, and do Robin Hood day trade…..