Is the Quantitatove Tightening Really Important?

The fed was very surprised at how quickly that the condition soured out there. The composition of how the c or c t occurs could create almost a problem in terms of who buys and who sells. If we did, let's say, a cu t of one point six trillion of assets that those money market funds needed, that would be a neutral and be a wash,. And so the problem is that chances are we're not going to do ith quantitative tightening that's easily am substitutable into the arp of the reverse rebot.