2min chapter

Forward Guidance cover image

Former Fed Trader: Rate Hikes Will Crash Markets | Joseph Wang

Forward Guidance

CHAPTER

The Fed's Reverse Repo Facility

The Fed is laying the groundwork to shift away from federal funds rate, so far as as a reference rate. So central banking 101: If you have a recent rate, you better have a way to control it. Otherwise, you're going to be embarrassed sooner or later.

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