Fed’s Fisher: our QE work is done (ie.,”US banks are recapitalized–so long suckers”)

The Fed’s focus the past 5 years has been to re-float insolvent banks from the well of public funds. US bank’s largely passed their stress test yesterday. Mission accomplished. From the Fed’s lens, their QE work is done. What about all that stuff about helping the consumer and supporting the real economy? Don’t be silly, that never was what this policy “genius” was all about…