2min chapter

The Contrarian Investor Podcast cover image

Discussing the Possible End of QT With One Who Worked at the Fed

The Contrarian Investor Podcast

CHAPTER

The Fed Cares Deeply About Financial Markets

I was there right when they were pulling interest rates off the floor. They'd never done that with a very large balance sheet, which obviously was a result of QE. And so there was a lot of discussion and uncertainty about how interest rate passed through would work in a world where you had a much larger balance sheet. So fast forward a few years, they start running down that balance sheet in 2017. We went through that for the next two years. The Fed cares deeply about financial markets.

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