The Fed's Balance Sheet Jumped $300B Last Week. Is That Inflationary?
The Breakdown
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The BTFP Program Is a Good Idea, Right?
The BTFP program is to buy them space to continue to fight inflation with rate hikes. They likely will need some additional programs because if you look at the balance sheet of First Republic, they got a credit facility from JP Morgan. But I don't think you're going to see many banks where you have the equity wiped out or you may see banks put into receivership.
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