The Fed's $3 Trillion Problem | Maroon Macro & Joseph Wang
Forward Guidance
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The Fed's Estimate of Mortgage Paydowns
Mortgage paydowns are proceeding okay until let's say in 2024, then it gets kind of low to about $15 billion. So I'm thinking that something blows up before then and we just stop P.T. so we don't have to worry about something like that happening. But it's good to talk up mortgage sales though, it tightens financial conditions.
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