The Fed's relief programs will drive a 'tipping point' and end by 2021, KKR's macro expert says

· *The Federal Reserve's "liquidity spigot" will close by 2021 as the government faces a new challenge in its ballooning debt balance, Henry McVey, head of global macro, asset allocation, and balance sheet investments at KKR, said Friday.*
· *Bond vigilantes — investors who short government bonds to combat inflation risks...