Surveillance: Fed Policy with Bullard
Bloomberg Surveillance
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The Fed's Prediction of Financial Stress
The problem with Wall Street is they've got too much probability on that branch and not enough probability on the other branch. And so I think we'll see this change in the weeks ahead here. Go back to the banks for a second. In February, the staff at the Open Market Committee presented on the idea of these asset mismatches on bank balance sheets. So you were kind of aware that this could be a problem.
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