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Danielle DiMartino Booth: A Banking Panic Makes The Fed’s Job More Difficult
Forward Guidance
Is the Fed Ready to Address Liquidity Pressures?
Next week's FOMC meeting will be recording March 13th. I have a feeling the journalists are not going to be asking about this measure of inflation. If it's just a matter of providing liquidity to safe assets, then they can theoretically continue to unwind the balance sheet again. This will be painful for especially private credit. Yes. Technically speaking, they can continue to do this. But in this case instance does it just mean the facility lending against good collateral with tons of interest rate risk that is overvalued at your service, but no credit risk? Or is it kind of opening up the QE. Spigots again possibility or at least opening up the possibility of closing
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