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Jay Powell’s Plan To Kill The “Fed Put” | Danielle DiMartino Booth

Forward Guidance

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J. Hall's Response to the Fed's QT

The Fed reserve has been doing quantitative tightening for a little bit over a year now, I think. Victoria Guilla of the Politico asked are we approaching reserve scarcity? Is the banking system approaching reserve scarcity where the level of bank reserves is going to be too low? Will Treasury issuance impact that? Janet Yellen, Treasury Secretary, when she had the debt ceiling, they were running very low,. not issuing treasuries because they were hitting that debt ceiling.

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