Watch Live: Fed Chair Powell Avoid Admitting QE4 Has Begun & Repocalypse Is Imminent

The Fed's balance sheet is expanding at a record rate and 'turn' repo rates are soaring (despite endless daily liquidity provisions); so today's FOMC press conference will be fun to see Powell squirm as he desperately avoids any admission that The Fed is in panic mode - which it is - and will never, ever raise rates ever again (which it won't)...

If everything's so awesome in the economy, why is all of the above occurring?

Watch Live (due to start at 1430ET):