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Pod 20: March FOMC, Banking Collapses, Jerome Powell, 25 bps, and the Fed Navigating Sticky Inflation

Unusual Whales

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The BTFP Facility Is a Surgical Ring-Fed Action

I think the bigger picture here is that the BTFP facility has is basically a surgical ring fenced action. And I'm not saying that there, there won't be continued stress in the financial markets, but here's the thing. That's kind of what the Fed has been aiming for over the last 15 months,. You know, when you when you look at where we are at in the in the macro picture we've got 3% GDP growth still 3 and a half percent unemployment. Nothing has broken yet. inflation is the biggest regressive is the most regressive tax of all that that impacts 100% of people.

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