Will gridlock in Washington spill over?
Eurodollar University - Podcast tekijän mukaan Jeff Snider
Kategoriat:
The Treasury's extraordinary measures to avoid breaching the debt ceiling includes winding down its TGA balance with the Fed. The unintended consequence is to raise the level of bank reserves at the same time the Fed is attempting to reduce them (QT). Will this end up restarting "inflation?" Unpacking TGA, QT, and QE with actual evidence, including the Fed's.
