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The Fed's Reinvestment Cap
Nick Nick or Joseph do you want to try and explain what we're seeing here? And this is from January 11 but all the other charts are pretty recent. So basically every quarter, you know, no matter where you set the cap so the red line there I can't even see my print on that very fancy Excel chartBut the red line is, you know,. hypothetical reinvestment cap so there's only one month. Every quarter where the cap binds. The maximum rate last time I think was 50 billion a month. That's probably going to be the minimum rate.